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BRACEVILLE, IL 60407

Real Estate Market Report  ·  Grundy County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The BRACEVILLE, IL real estate market (60407) currently shows 2 active listings. Homes are averaging 75 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 75 days on market compared to 40 days last year.

The median listing price has fallen 42.7% year-over-year, from $631,725 to $361,975.

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
⇩ 33.3% vs 3 last year
Pending
0
0% pending ratio
Median Price
$361,975
⇩ 42.7% vs $631,725 last year
Average Price
$361,975
⇩ 42.7% vs $631,725 last year
Days on Market
75
⇧ 87.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$151
⇩ 45.7% vs $278/sqft last year
Median Home Size
2,330 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 75 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $361,975 (-42.7% YoY)
  • Average: $361,975 (-42.7% 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 21.1 miles — 328 listings ($133,788,709 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60407Braceville, IL 604070.0 mi2$990,000$495,000$495,000
60416Coal City, IL 604164.5 mi21$7,460,691$359,000$355,271
60935Essex, IL 609356.4 mi3$1,248,900$339,000$416,300
60481Wilmington, IL 604818.0 mi38$13,861,564$267,450$364,778
60420Dwight, IL 6042012.8 mi8$1,858,880$217,500$232,360
60917Buckingham, IL 6091713.3 mi3$1,223,100$407,700$407,700
60410Channahon, IL 6041013.4 mi63$28,731,591$439,450$456,057
60941Herscher, IL 6094116.2 mi5$997,250$202,450$199,450
60447Minooka, IL 6044718.1 mi49$19,122,544$362,500$390,256
60442Manhattan, IL 6044219.3 mi32$14,065,728$437,250$439,554
60404Shorewood, IL 6040419.3 mi39$17,805,957$444,900$456,563
60470Ransom, IL 6047020.0 mi1$815,400$815,400$815,400
60914Bourbonnais, IL 6091421.1 mi64$25,607,104$345,000$400,111

Frequently Asked Questions

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

As of February 2026, there are 2 active listings in BRACEVILLE, IL (zip code 60407), compared to 3 the prior year.

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

The median listing price in BRACEVILLE, IL 60407 is $361,975 as of February 2026, a 42.7% decrease from $631,725 the prior year.

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

Homes in BRACEVILLE, IL 60407 spend an average of 75 days on the market before going under contract, compared to 40 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 February 2026, BRACEVILLE, IL 60407 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 75 days on market compared to 40 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 $7,240 compared to a typical 5% commission on the median listing price of $361,975. 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.