Is Brookfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
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, OH
How much do homes in Brookfield, OH cost?
Median Sold Price
$159,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brookfield have sold for 14.1% less than they did a year ago.
Summary: The median home sold price in Brookfield was $159,000 in May 2024, down 14.1% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $134.5K | +5.5% |
| 3 Bedrooms | $191K | $165K | -13.6% |
| 4 Bedrooms | $175K | $194.5K | +11.1% |
| 5+ Bedrooms | $495K | - | N/A |
Summary: Brookfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Vienna Township | $174.7K | $210K | +20.2% |
| Brookfield Township | $120K | $117.8K | -1.8% |
| Brookfield | $185K | $159K | -14.1% |
Housing Supply in Brookfield, OH
How many homes are available in Brookfield, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Brookfield real estate market had 8 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brookfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Brookfield in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Brookfield, OH
How long does it take to sell a home in Brookfield, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +16.7% |
Summary: Homes in Brookfield had an average of 24 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Brookfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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