Brookfield, WI Real Estate

Brookfield, Wisconsin Real Estate

Brookfield, Wisconsin is the leading commercial suburb of Milwaukee and the second largest city in Waukesha County. It has a rich history, exciting activities and amenities, exceptional schools and a thriving business climate. Coupled with the wide array of housing options, Brookfield, Wisconsin provides the ideal place to live, work and raise a family.

 

Brookfield Real Estate

The housing climate in Brookfield, Wisconsin is just as rich as the business climate, making it an excellent place to build a business or raise a family. The city has low–density developments that encourage its residential character. Although 81.2% of Brookfield homes are single­–family houses, there are also ample Brookfield condos, duplexes and apartments that expand the already wide variety of Brookfield real estate available. Brookfield, Wisconsin’s properties include wonderfully mature subdivisions in a range of price points, reaching all the way to estate–like properties. The pride of property ownership in Brookfield homes is evident through the significantly higher–than–average values of real estate when compared with surrounding communities, in addition to the well–maintained appearance of the homes in Brookfield.

 

Living in Brookfield

Brookfield, Wisconsin homeowners enjoy a wealth of recreational experiences in their city. Brookfield has seven outstanding golf courses, an outdoor roller–blade park, bike trails and countless indoor activities for those Wisconsin winters! Brookfield’s Thursday afternoon and Saturday morning Farmer’s Markets are a summer favorite among residents in addition to Wirth Park with its expansive Aquatic Center. Brookfield’s ParkSide 23 (known locally as PS 23) is the only restaurant in Wisconsin with an on–site farm. Try the Viking Village Scallops, they are decadent and a Brookfield favorite, or head on over to Vino Cappuccino, Brookfield’s authentic Italian restaurant and piano bar. Feeling adventurous? Try their espresso crusted beef tenderloin and breaded zucchini fries. Top the night off at O’Donoghue’s Irish Pub for what Brookfield residents call “all the feel of being in Ireland without the plane ticket” as well as a wide array of draft beers.

Brookfield has a quiet, suburban feel that emanates throughout the entirety of the city; however, its proximity to Milwaukee makes Brookfield an exciting place to live. Less than a 15–mile drive takes Brookfield residents to Milwaukee to experience a wealth of sports teams, museums and other attractions.  A particular favorite is Summerfest, which is touted in the Guinness Book of World Record’s as “The World’s Largest Music Festival” and draws over 700 bands every summer on Milwaukee’s lakefront. Check out everything Brookfield’s neighbor has to offer here.

When summer ends, Brookfield’s schools are known for their academic prowess. The School District of Elmbrook, which services Brookfield and nearby Elm Grove, consists of six elementary schools, two middle schools, two high schools and one special education school, in addition to a variety of private school options. The nearby city of Milwaukee gives Brookfield, Wisconsin students access to reputable colleges and universities such as University of Wisconsin ­­— Milwaukee, Marquette University, Milwaukee School of Engineering and Milwaukee Institute of Art and Design.

 

Brookfield Today

Brookfield is a major business, retail and industrial hub of Southeastern Wisconsin. Brookfield’s active and stable business climate is evident through its more than six million square feet of quality office space, over four million square feet of industrial, flex–tech, and distribution space and over four million square feet of retail space. Brookfield’s almost 40,000 residents appreciate living in the shopping hub of Waukesha County. From Brookfield Square, a sprawling mall touted as one of Wisconsin’s best, to the unique shops on Capitol Drive, Brookfield, Wisconsin residents enjoy a variety of shopping experiences.

 

History of Brookfield

The land that is Brookfield today was originally home to the Sac and Potowatomi tribes before the French invaded. In 1763, during the French and Indian War, the English gained control. It wasn’t until the American Revolution that Brookfield became a United States territory. Perhaps the most important historical moment of the City of Brookfield occurred in 1850 when the Milwaukee and Mississippi Railroad (present–day Canadian Pacific Rail) built a railroad through town. Still, between 1850 and World War II, Brookfield remained a quiet, primarily agricultural community. One of the most famous Brookfield residents was Al Capone, who favored the quiet town and owned a distillery on Brookfield Road. On August 14, 1954, the City of Brookfield was incorporated under its first Mayor Franklin Wirth. The city’s founders encouraged organized business development in both office and industrial spaces.

City of Brookfield

Brookfield Chamber of Commerce

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Brookfield Central High School (Brookfield) Elmbrook School District Public 1322 17 BROOKFIELD CENTRAL HIGH SCHOOL GreatSchools Rating
Brookfield Elementary School (Brookfield) Elmbrook School District Public 590 15 BROOKFIELD ELEMENTARY SCHOOL GreatSchools Rating
Burleigh Elementary School (Brookfield) Elmbrook School District Public 850 17 BURLEIGH ELEMENTARY SCHOOL GreatSchools Rating
Dixon Elementary School (Brookfield) Elmbrook School District Public 550 14 DIXON ELEMENTARY SCHOOL GreatSchools Rating
East High School (Brookfield) Elmbrook School District Public 1399 16 EAST HIGH SCHOOL GreatSchools Rating
Swanson Elementary School (Brookfield) Elmbrook School District Public 770 16 SWANSON ELEMENTARY SCHOOL GreatSchools Rating
Wisconsin Hills Middle School (Brookfield) Elmbrook School District Public 850 15 WISCONSIN HILLS MIDDLE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 42,516 406,801 5,852,878
Total Households 16,603 158,933 2,349,819
Total Families 12,221 113,516 1,516,725
Percent Male 48% 49% 50%
Percent Female 52% 51% 50%
White Collar Jobs 64% 58% 58%
Blue Collar Jobs 37% 42% 42%

Top Occupations

Professions Population Employed
Professional Services 14,396
Healthcare 8,564
Sales 8,008
Manufacturing 3,938
Maintenance 3,524
Management 3,127
Food 2,901
Information, Scientific and Technical 2,550
Transportation 2,442
Social Services 1,473

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 435 7,569 224,571
High School Graduate 5,049 67,894 1,256,597
Some College 4,949 58,126 833,955
Associates Degree 2,193 27,255 410,260
Bachelors Degree 10,440 78,050 747,113
Graduate Degree 6,968 40,757 384,121

Education Attainment


Market Conditions
Market Conditions for Brookfield - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Brookfield

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $385,000. The median sales price for homes in July rose by $50,000 compared to last month. This represents a 14.92% increase from June. Compared to the same month last year, the median price of homes rose by $13,000 representing a 3.49% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 8 in July to 162. This represents 5.19% increase from June when 154 homes were on the market. Compared to the same month last year when there were 185 homes for sale, the inventory of homes for sale has fallen by 23 representing a -12.43% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 79 homes sold in July was 6 more than in June. This represents a 8.21% increase in sales from June. Compared to the same month last year, the number of homes sold decreased by 11, a -12.22% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (22) decreased by 5 days compared to June. This represents a 18.51% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 9, a -29.03% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 99.63% in July fell by 0% compared to June and decreased 0.59% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in July (104) rose by 2 compared to June, a 1.96% change. Compared to July 2019, the number of new listings increased by 1, a 0.97% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in July was $381,200. The median list price for homes in July rose by $18,800 compared to last month. This represents a 5.18% increase from June. Compared to the same month last year, the median list price of homes increased $41,300 representing a 12.15% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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