Housing sales dollars are up in Brookfield, IL for First Quarter, 2014

 

The Median Sales Price of $200,000 for three-bedrooms, Single Family homes in Brookfield increased 38% compared to its 2013 dollar figure.  Nineteen of these kinds of homes sold this year compared to 24 in the same time frame of last year for much more money. In addition, the number of “distressed properties”, foreclosures and short sales, decreased.  Looks like this housing market is showing much improvement for property owners and increasing prices for buyers. 

 

SOLD PRICES: 3 Bedrooms, Single Family homes in 1Q, 2014

19 Sold

 

High

Low

Average

Median

List Price

$379,000

$134,900

$215,663

$211,500

Sold Price

$374,500

$129,000

$207,853

$200,000

Days on Market:         ranged from 3 – 370

Foreclosures:               3 homes ranging in Sold Price from $171,000 – $193,000                                        

Short Sales:                 1 home which Sold for $161,000                              

 

SOLD PRICES: 3 Bedrooms, Single Family homes in 1Q, 2013

24 Sold

 

High

Low

Average

Median

List Price

$259,900

$99,900

$166,787

$161,950

Sold Price

$225,000

$85,000

$158,729

$145,000

Days on Market:         ranged from 11 – 391

Foreclosures:              10 homes ranging in Sold Price from $ 85,000 – $220,000

Short Sales:                 3 homes ranging in Sold Price from $130,000 – $155,000   

 

 

Following are the LIST PRICES for Single Family Homes in Brookfield, IL currently on the market:

57 Active

 

High

Low

Average

Median

List Price

$399,000

$99,900

$240,065

$235,000

Days on Market:         ranging from 3 – 667

Contingent:                 24 homes ranging in List Price from $162,999 – $294,900

Short Sales:                  5 homes ranging in List Price from $189,000 – $250,000

 

The lowest price home is on the 4600 block of Eberly and the highest is on the 3800 block of Hollywood.

 

“Days on Market” is often referred to as “Market Time” and counts the number of days the property has been active.  It includes the days the current listing agent has offered the property for sale as well as the days any other real estate broker(s) may have had this same listing in the recent past. 

“Median Sales Price” is the midpoint between the High price and the Low price and is not the same as the “Average Sales Price”.  Since a few high prices or low prices can skew the “Average Price”, the real estate industry places more credibility on the “Median Price” to indicate a specific area’s home values within a specified timeframe. 

All data is taken from MRED, Midwest Real Estate Data and was formerly known as the MLS, Multiple Listing Service.  It is the source of all real estate activity in our area.