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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookfield is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Brookfield was a Seller's Market.

Key Takeaway

Brookfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Brookfield, IL cost?

Median Sold Price

$308,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$9,388(+3.1%)

Key Takeaway

Homes in Brookfield have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $130K$111.5K
-14.2%
2 $243.5K$269.9K
+10.8%
3 $305K$320.2K
+5.0%
4 $369K$343K
-7.0%
5+ $442.5K$468.7K
+5.9%

Median Sold Price Compared To Nearby Cities

La Grange Park
+19.6%
North Riverside
+7.1%
Brookfield
+3.1%
Riverside Township
-4.1%
Riverside
-10.8%

How many homes are available in Brookfield, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
5957-3.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 1111
0.0%
3 3026
-13.3%
4 810
+25.0%
5+ 77
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
129-25.0%

Asking Price vs. Sold Price

2 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, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days16 Days-28.7%

Breakdown of Home Sale Times

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Brookfield, IL

There are 57 homes are for sale in Brookfield, IL real estate market. The number of listings in Brookfield, IL decreased by 3.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $308,000, while the average time on the real estate market was 16 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went down by 14.2%, prices of 2 bedrooms properties went up by 10.8%, 3 bedrooms properties became 5% more expensive, the cost of 4 bedrooms properties went down by 7%, prices of 5 bedrooms properties went up by 5.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 13.3% less available, volume of 4 bedrooms homes went up by 25%, the quantity of 5 bedrooms homes have not changed. While more than 4 listings in Brookfield, IL in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below.

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