Brookfield, IL Foreclosures
Current Market Conditions in in Brookfield, IL As of February 2026?
Over the past month, Brookfield's real estate market has experienced a slight uptick in home sales and prices. Increased demand from buyers is evident, as inventory levels remain relatively low. Furthermore, the average cost of a home has risen by approximately 2%. Real estate analysts suggest that this trend may continue as more buyers seek properties in the area due to its attractive amenities and commuting options.
How much do homes sell for in Brookfield, IL?
The average home price is currently $357,463.
In Brookfield, IL, how many homes are available?
There are currently 23 active home listings available in Brookfield.
What’s the average rental cost in Brookfield, IL?
The average rental price in Brookfield is $1,930.
What is the most expensive home in Brookfield?
The most expensive home sold in Brookfield had a price of $4,792,777.
What is currently the cheapest priced home in Brookfield, IL?
The cheapest home for sale in Brookfield is priced at $15,472.
Living in Brookfield, IL
Brookfield, IL is a vibrant suburb of Chicago known for its family-friendly environment, rich green spaces, and excellent transportation links. With attractions such as the historic Brookfield Zoo, residents enjoy a balanced lifestyle between suburban tranquility and city accessibility. The community features a rich array of local amenities including parks, schools, and shopping, making it a desirable place to call home.
Buyer vs Seller Market in Brookfield, IL
The real estate market in Brookfield has seen a steady increase in home values, driven by its attractive suburban lifestyle and proximity to Chicago. Buyers are drawn to the area for its quality schools and plentiful parks, leading to competitive bidding for homes, particularly in popular neighborhoods.
With a variety of home styles available, from charming bungalows to modern single-family homes, the Brookfield market offers options for many buyers. This diversity helps maintain a vibrant neighborhood character, appealing to families, young professionals, and retirees alike.
Home Value Estimator For Brookfield, IL
There are currently 8,078 real estate properties
in Brookfield, IL,
with a median automated valuation model (AVM) price
of $340,854.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Brookfield, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Brookfield, IL,
is $357,463.00, with the most expensive house
in Brookfield, IL, topping out
at $4,792,777.00 and the cheapest home
in Brookfield, IL,
clocking in at $15,472.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Brookfield, IL!
Rent Prices
In Brookfield, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Brookfield, IL, is on
a rollercoaster ride. The
average rent price in Brookfield, IL,
is $1,930.00. Indeed, when looking to rent in
Brookfield, IL, you can expect to pay as little
as $870.00 or as much
as $3,230.00,
with the average rent median estimated to
be $1,930.00. The good news is that finding
an affordable and desirable property to rent in Brookfield, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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