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BRACEVILLE, IL 60407

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BRACEVILLE, IL real estate market (60407) currently shows 2 active listings, with 1 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 73 days on market compared to 20 days last year.

The median listing price has fallen 5.1% year-over-year, from $344,900 to $327,450.

Whether you are buying or selling in BRACEVILLE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,581  ·  Density: 45.2/mi²  ·  Median household income: $83,542

Typical home value: $157,159  ·  Homeownership: 81.2%

Market Overview

Active Listings
2
⇩ 60% vs 5 last year
Pending
1
50% pending ratio
Median Price
$327,450
⇩ 5.1% vs $344,900 last year
Average Price
$327,450
⇩ 22.4% vs $421,720 last year
Days on Market
73
⇧ 265% vs 20 days last year

Price Per Square Foot

Median $/sqft
$150
⇩ 27.2% vs $206/sqft last year
Median Home Size
2,049 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 5 last year
  • Days on market: 73 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $327,450 (-5.1% YoY)
  • Average: $327,450 (-22.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.7 miles — 267 listings ($77,640,032 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60407Braceville, IL 604070.0 mi2$723,950$361,975$361,975
60474South Wilmington, IL 604743.7 mi2$545,000$272,500$272,500
60424Gardner, IL 604245.6 mi5$2,186,875$433,000$437,375
60444Mazon, IL 604447.3 mi4$1,469,900$367,475$367,475
60913Bonfield, IL 6091311.9 mi1$285,000$285,000$285,000
60450Morris, IL 6045013.1 mi42$15,454,278$319,000$367,959
60479Verona, IL 6047913.3 mi4$1,400,248$357,500$350,062
60421Elwood, IL 6042115.3 mi13$5,901,116$342,500$453,932
60919Cabery, IL 6091916.8 mi2$290,000$145,000$145,000
61360Seneca, IL 6136019.1 mi6$3,221,598$412,000$536,933
60436Joliet, IL 6043619.3 mi53$12,791,815$221,750$241,355
60950Manteno, IL 6095019.8 mi29$10,007,900$359,000$345,100
60901Kankakee, IL 6090120.7 mi104$23,362,352$179,925$224,638

Frequently Asked Questions

How many homes are for sale in BRACEVILLE, IL 60407?

As of March 2026, there are 2 active listings in BRACEVILLE, IL (zip code 60407), compared to 5 the prior year.

What is the median home price in BRACEVILLE, IL 60407?

The median listing price in BRACEVILLE, IL 60407 is $327,450 as of March 2026, a 5.1% decrease from $344,900 the prior year.

How long do homes stay on the market in BRACEVILLE, IL?

Homes in BRACEVILLE, IL 60407 spend an average of 73 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in BRACEVILLE, IL 60407?

Based on current inventory and days-on-market data as of March 2026, BRACEVILLE, IL 60407 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 73 days on market compared to 20 days last year.

How much can I save on real estate commission in BRACEVILLE, IL?

With SELL123.com's maximum 3% commission, sellers in BRACEVILLE, IL 60407 save an estimated $6,549 compared to a typical 5% commission on the median listing price of $327,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.