Is Brookfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Brookfield Township has remained a Seller's Market.
Housing Prices in Brookfield Township, IL
How much do homes in Brookfield Township, IL cost?
Median Sold Price
$356,000
$265/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Brookfield Township was $356,000 in March 2024, up 1.1% from last month, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $330K | $375K | +13.6% |
4 Bedrooms | $358.5K | - | N/A |
5+ Bedrooms | $640K | $690K | +7.8% |
Summary: Brookfield Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Brookfield Township, IL
How many homes are available in Brookfield Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 42 | +40.0% |
Summary: The Brookfield Township real estate market had 42 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Brookfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Brookfield Township in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 36 Days | +108.5% |
Summary: Homes in Brookfield Township had an average of 36 days on market in Mar 2024, up by 108.5% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Brookfield Township; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.