Is Brookfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$350,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brookfield was $350,000 in May 2024, up 11.1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $230K | +109.1% |
2 Bedrooms | $269.9K | $292.7K | +8.4% |
3 Bedrooms | $329K | $342.5K | +4.1% |
4 Bedrooms | $356.4K | $405K | +13.6% |
5+ Bedrooms | $495K | $610K | +23.2% |
Summary: Brookfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $350K | +11.1% |
Riverside Township | $358K | $393K | +9.8% |
North Riverside | $303.2K | $329K | +8.5% |
Riverside | $385K | $380K | -1.3% |
La Grange Park | $419K | $412K | -1.7% |
Housing Supply in Brookfield, IL
How many homes are available in Brookfield, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 60 | +15.4% |
Summary: The Brookfield real estate market had 60 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 19 | 29 | +52.6% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Brookfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Brookfield in May 2024, up by 13.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 8 Days | -63.7% |
Summary: Homes in Brookfield had an average of 8 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Brookfield; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.