Is Brookfield, WI 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.
Housing Prices in Brookfield, WI
How much do homes in Brookfield, WI cost?
Median Sold Price
$460,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brookfield was $460,000 in March 2024, up 6.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315K | $360.5K | +14.4% |
3 Bedrooms | $380K | $420K | +10.5% |
4 Bedrooms | $531K | $535K | +0.8% |
5+ Bedrooms | $742.5K | $795K | +7.1% |
Summary: Brookfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Wauwatosa | $340K | $380K | +11.8% |
Elm Grove | $565K | $625K | +10.6% |
West Allis | $220K | $240K | +9.1% |
Brookfield | $431.9K | $460K | +6.5% |
Housing Supply in Brookfield, WI
How many homes are available in Brookfield, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 86 | +16.2% |
Summary: The Brookfield real estate market had 86 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 20 | -4.8% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Brookfield 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 decreased by 4.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 34 | +78.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Brookfield in March 2024, up by 78.9% month-over-month. Of the 34 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Brookfield, WI
We’re sorry, we don't have information for this market at the moment