Is Brookfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$442,625
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Brookfield have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Brookfield was $442,625 in November 2023, up 3.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $353.7K | +7.2% |
| 3 Bedrooms | $375K | $405K | +8.0% |
| 4 Bedrooms | $518.5K | $530K | +2.2% |
| 5+ Bedrooms | $687.5K | $795K | +15.6% |
Summary: Brookfield housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Elm Grove | $530K | $625K | +17.9% |
| West Allis | $210K | $235K | +11.9% |
| Butler | $234K | $260K | +11.1% |
| Wauwatosa | $337.2K | $371K | +10.0% |
| Brookfield | $426.2K | $442.6K | +3.8% |
Housing Supply in Brookfield, WI
How many homes are available in Brookfield, WI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 105 | 79 | -24.8% |
Summary: The Brookfield real estate market had 79 homes for sale in November 2023, a 24.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 39 | 32 | -17.9% |
| 4 Bedrooms | 39 | 30 | -23.1% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Brookfield housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 47.1%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 46 | 28 | -39.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookfield, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Brookfield in November 2023, down by 39.1% month-over-month. Of the 28 sold homes, 46% were sold under asking, 11% were sold at asking, and 43% were sold over asking.
