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

$352,500

$253/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$5,500(+1.6%)

Key Takeaway

Homes in Brookfield Township have sold for 1.6% more than they did a month ago.

Summary: The median home sold price in Brookfield Township was $352,500 in October 2024, up 1.6% from last month, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$230K
N/A
2 $301.5K$332.5K
+10.3%
3 $452.2K$352.3K
-22.1%
4 $366K$382.2K
+4.4%
5+ -$547.5K
N/A

Summary: Brookfield Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seneca
+200.0%
Brookfield Township
+1.6%

Housing Supply in Brookfield Township, IL

How many homes are available in Brookfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7069-1.4%

Summary: The Brookfield Township real estate market had 69 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1817
-5.6%
3 3128
-9.7%
4 1112
+9.1%
5+ 911
+22.2%

Summary: The Brookfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1822+22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookfield Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Brookfield Township in October 2024, up by 22.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% 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

Sep 2024Oct 2024CHANGE
16 Days22 Days+33.7%

Summary: Homes in Brookfield Township had an average of 22 days on market in Oct 2024, up by 33.7% compared to last month.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 22 homes were sold in Brookfield Township; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% 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 16 Days Ago

Newest Listings in Brookfield Township, IL

Nearby Markets to Brookfield Township, IL

What housing markets are near Brookfield Township, IL?