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Thursday, April 25, 2024

Brookfield home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Brookfield rose by $13,750 while total sales decreased by 26.6%, according to BlockShopper.com.

From January through March of 2018, there were 58 homes sold, with a median sale price of $227,750 - a 6.4% increase over the $214,000 median sale price for the same period of the previous year. There were 79 homes sold in Brookfield in the first quarter of 2017.

The median sales tax in Brookfield for the most recent year with available data, 2017, was $5,653.20, approximately 2.5% of the median home sale price for the first quarter of 2018.

The following table compares Brookfield to other Cook County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Palos Heights403611.1%$252,500$244,0003.5%
La Grange Highlands512-58.3%$250,000$285,000-12.3%
Orland Park208210-1%$237,000$229,7503.2%
Hoffman Estates142144-1.4%$236,000$221,0006.8%
Westchester5263-17.5%$235,500$231,0001.9%
Brookfield5879-26.6%$227,750$214,0006.4%
Willow Springs272317.4%$227,500$265,000-14.2%
North Riverside1324-45.8%$220,000$228,250-3.6%
Bartlett5859-1.7%$218,500$222,500-1.8%
Elk Grove Village1669574.7%$218,000$223,000-2.2%
Elmwood Park846627.3%$217,500$182,75019%

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