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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookfield is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Brookfield was a Seller's Market.

Key Takeaway

Brookfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Brookfield, CT

How much do homes in Brookfield, CT cost?

Median Sold Price

$557,000

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$77,000(+16.0%)

Key Takeaway

Homes in Brookfield have sold for 16% more than they did a year ago.

Summary: The median home sold price in Brookfield was $557,000 in November 2024, up 16% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $198.2K$255K
+28.6%
2 $372.5K$387K
+3.9%
3 $470K$536K
+14.1%
4 $660K$720K
+9.1%
5+ $767.5K$715K
-6.8%

Summary: Brookfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Brookfield
+16.0%
Bridgewater
+12.2%
New Milford
+6.7%
New Fairfield
+5.9%

Housing Supply in Brookfield, CT

How many homes are available in Brookfield, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7568-9.3%

Summary: The Brookfield real estate market had 68 homes for sale in November 2024, a 9.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 1012
+20.0%
3 2924
-17.2%
4 2419
-20.8%
5+ 67
+16.7%

Summary: The Brookfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2211-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Brookfield in November 2024, down by 50.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for Brookfield, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Brookfield, CT

Nearby Markets to Brookfield, CT

What housing markets are near Brookfield, CT?