Is Brookfield Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Brookfield Township has remained a Seller's Market.

Key Takeaway

Brookfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brookfield Township, IL

How much do homes in Brookfield Township, IL cost?

Median Sold Price

$335,000

$228/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$17,500(-5.0%)

Key Takeaway

Homes in Brookfield Township have sold for 5% less than they did a month ago.

Summary: The median home sold price in Brookfield Township was $335,000 in November 2024, down 5% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $230K-
N/A
2 $332.5K$265K
-20.3%
3 $352.3K$335K
-4.9%
4 $382.2K$332K
-13.1%
5+ $547.5K$679.7K
+24.2%

Summary: Brookfield Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes increased by 24.2%.

Median Sold Price Compared To Nearby Cities

Seneca
+47.6%
Brookfield Township
-5.0%

Housing Supply in Brookfield Township, IL

How many homes are available in Brookfield Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5960+1.7%

Summary: The Brookfield Township real estate market had 60 homes for sale in November 2024, a 1.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1614
-12.5%
3 2429
+20.8%
4 1010
0.0%
5+ 87
-12.5%

Summary: The Brookfield Township 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 12.5%, 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
2215-31.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookfield Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Brookfield Township in November 2024, down by 31.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for Brookfield Township, IL

How long does it take to sell a home in Brookfield Township, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
22 Days20 Days-7.2%

Summary: Homes in Brookfield Township had an average of 20 days on market in Nov 2024, down by 7.2% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in Brookfield Township; 80% of homes were sold within 30 days, 20% 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 17 Days Ago

Newest Listings in Brookfield Township, IL

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What housing markets are near Brookfield Township, IL?