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 December 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

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+4.4%)

Key Takeaway

Homes in Brookfield have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Brookfield was $355,000 in December 2024, up 4.4% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $159K$172.5K
+8.5%
2 $262.2K$308.5K
+17.6%
3 $335K$360K
+7.5%
4 $405K$420K
+3.7%
5+ $529.5K$637K
+20.3%

Summary: Brookfield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

La Grange Park
+9.2%
Riverside
+8.1%
Riverside Township
+7.1%
Brookfield
+4.4%
North Riverside
+0.6%

Housing Supply in Brookfield, IL

How many homes are available in Brookfield, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5453-1.9%

Summary: The Brookfield real estate market had 53 homes for sale in December 2024, a 1.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1311
-15.4%
3 2631
+19.2%
4 86
-25.0%
5+ 75
-28.6%

Summary: The Brookfield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

6 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 may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Brookfield in December 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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

Dec 2023Dec 2024CHANGE
35 Days20 Days-41.6%

Summary: Homes in Brookfield had an average of 20 days on market in Dec 2024, down by 41.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 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 December 2024, 14 homes were sold in Brookfield; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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