Is Brookfield, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookfield is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Brookfield has remained a Seller's Market.

Key Takeaway

Brookfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$34,950(+11.1%)

Key Takeaway

Homes in Brookfield have sold for 11.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $110K$230K
+109.1%
2 $270K$289.2K
+7.1%
3 $330K$340K
+3.0%
4 $371.5K$397.5K
+7.0%
5+ $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
+11.1%
North Riverside
+9.6%
Riverside Township
+6.4%
La Grange Park
-1.8%
Riverside
-2.7%

Housing Supply in Brookfield, IL

How many homes are available in Brookfield, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3551+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1317
+30.8%
3 1420
+42.9%
4 49
+125.0%
5+ 45
+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 2024Apr 2024CHANGE
1114+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
42 Days23 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brookfield are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Brookfield, IL

Nearby Markets to Brookfield, IL

What housing markets are near Brookfield, IL?