Second Quarter, 2014 Housing sales dollars are up again in Brookfield, IL

The Median Sales Price of $207,000 for three-bedrooms, Single Family homes in Brookfield increased almost 14% compared to its 2013 dollar figure of $182,000.  It also increased 3.5% over first quarter, 2014 which was $200,000.  In the second quarter of this year, 39 of these kinds of homes sold versus 33 in the same time frame of last year.  More homes sold for more dollars.  The number of “distressed properties”, foreclosures and short sale, decreased again.  This housing market is getting stronger and stronger for property owners and potential buyers will be seeing increased prices.

SOLD PRICES:  3 Bedrooms, Single Family Homes in 2Q, 2014

19 Sold

 

High

Low

Average

Median

List Price

$419,900

$86,000

$217,805

$214,900

Sold Price

$402,000

$115,000

$211,380

$207,000

Days on Market:         ranged from 4 – 404

Foreclosures:               5 homes ranging in Sold Price from $115,000 – $292,000

Short Sales:                 2 homes with Sold Prices of $145,000 & $150,000

 

SOLD PRICES:  3 Bedrooms, Single Family Homes in 2Q, 2013

 

33 Sold

 

High

Low

Average

Median

List Price

$297,000

$74,900

$195,779

$189,900

Sold Price

$280,000

$50,000

$187,070

$182,000

Days on Market:         ranged from 3 – 591

Foreclosures:               5 homes ranging in Sold Price from $ 50,000 – $179,000

Short Sales:                 3 homes ranging in Sold Price from $ 93,000 – $162,000

 

 

Following are the LIST PRICES for 3 Bedrooms, Single Family Homes in Brookfield, ILcurrently on the market:

57 Active

 

High

Low

Average

Median

List Price

$479,900

$140,000

$255,890

$249,900

Days on Market:         ranging from 3 – 756

Contingent:                 11 homes ranging in List Price from $179,700 – $354,900

Short Sales:                   3 homes ranging in List Price from $140,000 – $219,900

 

The lowest price home is on the 9300 block of Jefferson and the highest is on the 4400 block of Sunnyside.

 

 

“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.