Is Brookfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brookfield has remained a Seller's Market.
Housing Prices in Brookfield, IL
How much do homes in Brookfield, IL cost?
Median Sold Price
$349,950
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brookfield was $349,950 in April 2024, up 11.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $230K | +109.1% |
2 Bedrooms | $270K | $289.2K | +7.1% |
3 Bedrooms | $330K | $340K | +3.0% |
4 Bedrooms | $371.5K | $397.5K | +7.0% |
5+ Bedrooms | $495K | $590K | +19.2% |
Summary: Brookfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $349.9K | +11.1% |
North Riverside | $300.5K | $329.2K | +9.6% |
Riverside Township | $362K | $385K | +6.4% |
La Grange Park | $427.5K | $419.9K | -1.8% |
Riverside | $390K | $379.5K | -2.7% |
Housing Supply in Brookfield, IL
How many homes are available in Brookfield, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 51 | +45.7% |
Summary: The Brookfield real estate market had 51 homes for sale in April 2024, a 45.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Brookfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Brookfield in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Brookfield, IL
How long does it take to sell a home in Brookfield, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 23 Days | -45.1% |
Summary: Homes in Brookfield had an average of 23 days on market in Apr 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Brookfield; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.