Is Brookfield, WI 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, WI
How much do homes in Brookfield, WI cost?
Median Sold Price
$467,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brookfield was $467,000 in May 2024, up 9.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310K | $361.7K | +16.7% |
3 Bedrooms | $385K | $430K | +11.7% |
4 Bedrooms | $525K | $548K | +4.4% |
5+ Bedrooms | $723K | $812.5K | +12.4% |
Summary: Brookfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Butler | $240K | $270K | +12.5% |
Elm Grove | $560K | $627.5K | +12.1% |
Wauwatosa | $345K | $380K | +10.1% |
Brookfield | $426.9K | $467K | +9.4% |
West Allis | $222.1K | $242.9K | +9.4% |
Housing Supply in Brookfield, WI
How many homes are available in Brookfield, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 140 | +15.7% |
Summary: The Brookfield real estate market had 140 homes for sale in May 2024, a 15.7% 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 | 16 | 14 | -12.5% |
3 Bedrooms | 57 | 48 | -15.8% |
4 Bedrooms | 39 | 61 | +56.4% |
5+ Bedrooms | 9 | 17 | +88.9% |
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 12.5%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 56.4%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Brookfield in May 2024, up by 2.3% month-over-month. Of the 44 sold homes, 30% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for Brookfield, WI
We’re sorry, we don't have information for this market at the moment