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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookfield is a seller's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Brookfield, WI cost?

Median Sold Price

$400,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$45,000(+12.7%)

Key Takeaway

Homes in Brookfield have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $300K$309.8K
+3.3%
3 $310K$370K
+19.4%
4 $410K$513.4K
+25.2%
5+ $550K$960K
+74.5%

Median Sold Price Compared To Nearby Cities

Elm Grove
+71.3%
Wauwatosa
+19.5%
Brookfield
+12.7%
West Allis
+10.5%

How many homes are available in Brookfield, WI?

Number of Homes For Sale

Mar 2022Apr 2022%
119145+21.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 1823
+27.8%
3 4856
+16.7%
4 4048
+20.0%
5+ 1318
+38.5%

Number of Homes Sold

Mar 2022Apr 2022%
3541+17.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

32 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. 78% of homes here sold above asking price last month.

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

About Brookfield, WI

Homes for sale in Brookfield, WI have reached 145. The inventory of homes for sale in Brookfield, WI between March 2022 and April 2022 increased by 21.8%. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 3.3%, 3 bedrooms properties prices increased by 19.4%, 4 bedrooms properties prices increased by 25.2%, 5 bedrooms properties prices increased by 74.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 27.8%, volume of 3 bedrooms homes went up by 16.7%, number of 4 bedrooms homes increased by 20%, 5 bedrooms homes became 38.5% more available. In April 2022, from all listings sold in Brookfield, WI there were more than 32 sold above asking price, over 4 sold below and more than 5 were sold right at the asked price.

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