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Featured local agent — Brookfield, IL
Sarah Mitchell
Compass Real Estate · Brookfield, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Brookfield, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$345,000median sale price
How is the Brookfield, IL housing market right now?
The median home sale price in Brookfield, IL is $345,000, down 10.4% year-over-year. Homes sell in an average of 46 days with 46 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Brookfield a buyer's or seller's market?
Brookfield, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
46
Average pace
Active listings
46
2.0 months supply
Sale-to-list
102.0%
Above asking
What does the Brookfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $345,000 |
| Median list price | $412,500 |
| Year-over-year price change | -10.4% |
| Average days on market | 46 days |
| Active inventory | 46 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 102.0% |
| Median price per sq ft | $289/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 29 |
| Listings with a price cut | 13.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Brookfield by property type?
How the Brookfield, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $355,000 | $298/sq ft | 20 | 45 days |
| Condo / Co-op | $162,000 | $203/sq ft | 1 | 61 days |
| Townhouse | $325,000 | $243/sq ft | 2 | 134 days |
Source: Redfin · Updated monthly
The Brookfield housing market is currently classified as a seller's market with a median sale price of $345,000. Prices have fallen 10.4% compared to last year, with homes spending an average of 46 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Brookfield
There are currently 46 homes listed for sale in Brookfield, Illinois. The median listing price is $413K.
Active listings
46
Homes on market
Median list price
$413K
Avg. days on market
46
Days until sale
New this week
29
Newly listed
Who lives in Brookfield?
Population
19,235
Median income
$108,429/yr
Median age
41.7 years
Owner-occupied
79.5%
College grads
41.8%
Avg commute
32.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Brookfield?
Zillow home value
$355,488
Zillow rent index
$1,796/mo
Price-to-rent ratio
16.5x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Brookfield?
Brookfield is a community of approximately 19K residents with a median age of 41.7 years.The median household income is $108,429, which reflects a relatively affluent area with strong earning potential. 41.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Brookfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Brookfield?
4 schools tracked · 1,402 students
The largest public schools serving Brookfield, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
S E Gross Middle School
Grades 6-8 · 493 students
Congress Park Elem School
Grades K-6 · 411 students
Lincoln Elem School
Grades PK-5 · 378 students
Hollywood Elem School
Grades PK-5 · 120 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Brookfield, IL?
Want a head-to-head view? Compare Brookfield side-by-side with any other U.S. city using our market-comparison tool.
Is Brookfield a good real estate investment market?
For investors evaluating Brookfield, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Brookfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Brookfield's median home price.
Frequently asked questions
What is the average home price in Brookfield?
The median home sale price in Brookfield is $345,000, down 10.4% from last year.
How long do homes stay on market in Brookfield?
Homes typically spend 46 days on market before going under contract.
What is the median income in Brookfield?
The median household income is $108,429 per year.
Is Brookfield a buyer's or seller's market?
With 2.0 months of supply, Brookfield is currently a seller's market.
What is the Zillow home value estimate for Brookfield?
The Zillow Home Value Index (ZHVI) for Brookfield is $355,488, representing the typical home value in the area.
What is the median condo price in Brookfield?
The median condo/co-op sale price in Brookfield, IL is $162,000, compared to $355,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Brookfield?
The median single-family home price in Brookfield, IL is $355,000 (about $298 per square foot).
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