$349,900
0.58 Acres
Land
#1899525, Preetinder Biring, Listing Office: Coldwell Banker Realty
Is Brookfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, WI
How much do homes in Brookfield, WI cost?
Median Sold Price
$485,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,683(+10.4%)
Key Takeaway
Homes in Brookfield have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Brookfield was $485,000 in October 2024, up 10.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $353.7K | $353.7K | 0% |
| 3 Bedrooms | $400K | $435K | +8.8% |
| 4 Bedrooms | $525.5K | $564.9K | +7.5% |
| 5+ Bedrooms | $820K | $750K | -8.5% |
Summary: Brookfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $439.3K | $485K | +10.4% |
| West Allis | $235K | $255K | +8.5% |
| Wauwatosa | $365K | $386.1K | +5.8% |
| Elm Grove | $599K | $615K | +2.7% |
| Butler | $260K | $260K | 0.0% |
Housing Supply in Brookfield, WI
How many homes are available in Brookfield, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 141 | +4.4% |
Summary: The Brookfield real estate market had 141 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 28 | +55.6% |
| 3 Bedrooms | 60 | 58 | -3.3% |
| 4 Bedrooms | 46 | 40 | -13.0% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Brookfield 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 increased by 55.6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Brookfield in October 2024, up by 7.0% month-over-month. Of the 46 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.
Days on Market for Brookfield, WI
We’re sorry, we don't have information for this market at the moment
