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 November 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

$355,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+5.7%)

Key Takeaway

Homes in Brookfield have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Brookfield was $355,000 in November 2024, up 5.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.5K$172.5K
+14.6%
2 $261.5K$314K
+20.1%
3 $335K$355K
+6.0%
4 $405K$420K
+3.7%
5+ $520K$625K
+20.2%

Summary: Brookfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Cities

Riverside Township
+8.0%
Riverside
+7.4%
Brookfield
+5.7%
La Grange Park
+3.3%
North Riverside
+2.1%

Housing Supply in Brookfield, IL

How many homes are available in Brookfield, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5758+1.8%

Summary: The Brookfield real estate market had 58 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1513
-13.3%
3 2429
+20.8%
4 99
0.0%
5+ 87
-12.5%

Summary: The Brookfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookfield, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Brookfield in November 2024, down by 40.9% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
31 Days15 Days-51.3%

Summary: Homes in Brookfield had an average of 15 days on market in Nov 2024, down by 51.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 13 homes were sold in Brookfield; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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