Is Brookfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, CT
How much do homes in Brookfield, CT cost?
Median Sold Price
$530,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brookfield have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Brookfield was $530,000 in May 2024, up 8.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $222.5K | +12.7% |
| 2 Bedrooms | $370K | $384K | +3.8% |
| 3 Bedrooms | $487.5K | $525K | +7.7% |
| 4 Bedrooms | $600K | $705K | +17.5% |
| 5+ Bedrooms | $575K | $722.5K | +25.7% |
Summary: Brookfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Cities
| Bridgewater | $625.7K | $750K | +19.9% |
| New Fairfield | $485K | $530K | +9.3% |
| Brookfield | $490K | $530K | +8.2% |
| New Milford | $400K | $427K | +6.8% |
Housing Supply in Brookfield, CT
How many homes are available in Brookfield, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 83 | +18.6% |
Summary: The Brookfield real estate market had 83 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 27 | 30 | +11.1% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Brookfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookfield, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Brookfield in May 2024, up by 50.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 6% were sold at asking, and 67% were sold over asking.
Days on Market for Brookfield, CT
How long does it take to sell a home in Brookfield, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Brookfield; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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