Is Brookfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$515,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brookfield have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Brookfield was $515,500 in March 2024, up 3.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $215K | +8.9% |
| 2 Bedrooms | $370K | $375K | +1.4% |
| 3 Bedrooms | $495K | $515K | +4.0% |
| 4 Bedrooms | $616.7K | $694.3K | +12.6% |
| 5+ Bedrooms | $610K | $780K | +27.9% |
Summary: Brookfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Cities
| New Milford | $390K | $422.5K | +8.3% |
| Bridgewater | $616.4K | $656.5K | +6.5% |
| New Fairfield | $478.7K | $505K | +5.5% |
| Brookfield | $500K | $515.5K | +3.1% |
Housing Supply in Brookfield, CT
How many homes are available in Brookfield, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 51 | +6.3% |
Summary: The Brookfield real estate market had 51 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Brookfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Brookfield in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Brookfield, CT
We’re sorry, we don't have information for this market at the moment
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