Brookfield Real Estate Market Report | Current Trends & Year-Over-Year Performance Analysis

Brookfield Real Estate at a Glance

Here are the headline numbers from the past two years of sales activity in Brookfield. These figures cover all 114 closed transactions in the neighborhood.

Brookfield Topeka Real Estate: Common Questions Answered

How much do homes cost in Brookfield?

The median home price in Brookfield is $290,000, based on 114 sales over the past two years. The average sold price is $284,701 — slightly lower because a handful of homes at the lower end of the price spectrum pull the average down a bit.

The full price range runs from $130,000 to $432,000, which tells you there's a pretty wide variety of homes here. That said, the bulk of the action happens in the $240,000 to $340,000 range. If you're shopping in Brookfield, you're looking at a mid-to-upper-mid price point for Topeka overall.

How have Brookfield home prices changed over the past year?

Price stability is the headline story in Brookfield right now. The median sold price held steady at exactly $290,000 when comparing May 2024–May 2025 to May 2025–May 2026 — that's a 0.00% change. The average price ticked up modestly, rising $4,720 (+1.67%) from $282,589 to $287,309 between those two periods.

That kind of flat median with a small average gain is actually a healthy sign. It means the market isn't overheating, but it's also not pulling back. Buyers aren't getting a discount compared to last year, and sellers are holding their value. One thing worth noting: sales volume dropped from 63 transactions in the first year to 51 in the second — about a 19% decline — which is something to watch but not unusual in a market with limited inventory.

How long does it take to sell a home in Brookfield?

Most Brookfield homes sell in about 8 days — that's the median days on market. The average is 20.5 days, but that number is stretched by a few homes that sat longer before finding a buyer.

The 8-day median tells the real story: well-priced homes in good condition move fast here. If you're a seller, realistic pricing from day one gives you the best chance of landing in that quick-sale camp. If you're a buyer, you don't have the luxury of taking your time — you need to be pre-approved and ready to move when the right house hits the market.

Is Brookfield a seller's market or buyer's market?

Brookfield sits in seller-favorable territory, though it's closer to balanced than a true seller's market. Homes sell at a median of exactly 100% of asking price, which means buyers are generally not getting discounts — but they're also not in a frenzied bidding-war environment where you need to go 5% over asking to win.

The faster-moving data points — 8-day median days on market, 99.41% list-to-sale ratio — favor sellers. But the fact that about 31% of sellers still offered concessions and 28% had price reductions at some point suggests buyers do have some leverage, particularly on homes that are overpriced or need work.

Do homes in Brookfield sell for asking price?

Yes, typically. The median list-to-sale ratio in Brookfield is exactly 100%, and the average is 99.41%. That means half of homes sell at or above their asking price, and the typical transaction closes right at list.

Keep in mind that doesn't mean every home sells for asking. About 28% of listings went through at least one price reduction before selling, with an average cut of $16,681. Those homes eventually sold — just after adjusting to where the market actually was.

What types of homes sell best in Brookfield?

Ranch-style homes dominate Brookfield, making up 47% of all sales (54 of 114). They sell quickly — about 18 days average — and land right at asking price (99.92% list-to-sale ratio). If you're selling a ranch here, you're working with the most liquid product in the neighborhood.

Two-story homes are actually the fastest movers overall at just 16.9 average days on market, and they also command the highest median price at $307,500. One-and-a-half story homes are the second most common type and hit a median of $302,500. Bi-levels sit at a noticeably lower price point — median $252,450 — and take the longest to sell at nearly 35 days average.

What is the price per square foot in Brookfield?

Based on above-grade finished square footage, Brookfield homes sell for an average of $173 per square foot. The median price per square foot is $175.

This is a useful number when comparing properties, but keep in mind that finished basement space typically carries a lower value per square foot than above-grade living area. A ranch with a fully finished basement may look like a better deal on a per-square-foot basis than it actually is compared to a two-story with all its square footage above grade.

Are sellers offering closing cost assistance in Brookfield?

Some are. About 31% of Brookfield sellers offered concessions over the past two years, with an average contribution of $4,777 where concessions were given. That works out to roughly 1.7% of the median sale price — a meaningful help toward closing costs for buyers who need it.

Whether you can negotiate concessions depends a lot on the specific property and how it's positioned. Homes priced competitively and in great condition are less likely to include seller help. A home that's sat on the market for a few weeks or had a price reduction is a better candidate for that conversation.

How does Brookfield compare to other Topeka neighborhoods?

At a $290,000 median price, Brookfield sits in the upper-mid tier for Topeka real estate. Southwest Topeka neighborhoods with similar characteristics — established streets, quality ranch and two-story homes, good school access — tend to cluster in the $260,000 to $320,000 range. Brookfield is competitive within that peer group.

The 8-day median days on market is notably fast, which suggests Brookfield has genuine demand relative to supply. Neighborhoods with slower absorption typically see longer market times and more concessions. Brookfield's metrics indicate buyers are paying attention here.

For more context on how nearby areas compare, see the related neighborhood reports below.

What's the best time to sell a home in Brookfield?

The data covers a full two years of transactions, and Brookfield sees sales activity spread across multiple seasons — so there isn't a single window that's dramatically better than others. That said, spring and early summer traditionally bring more buyer activity in most Topeka neighborhoods, and Brookfield is no exception.

More important than timing is pricing. Given that the median home here sells in 8 days at essentially asking price, the biggest factor in your results isn't when you list — it's whether you price it right from the start. Overpriced homes account for most of the prolonged days on market you see in this data.

Brookfield Real Estate Market Overview

Over the past two years, Brookfield has been a steady, well-functioning neighborhood market. 114 homes closed between May 2024 and May 2026, with a median price of $290,000 and an average of $284,701. Those two numbers being relatively close tells you the market isn't being dramatically skewed by outliers on either end — though there are a handful of low-priced sales that deserve a note.

The speed data is one of the more striking aspects of this market. The median days on market is just 8 days — meaning most well-priced homes are gone before a buyer who isn't already actively looking would even know about them. The average stretches to 20.5 days because of a smaller group of homes that took considerably longer, often due to overpricing or condition issues.

The list-to-sale ratio tells a similar story. At a 99.41% average and 100% median, homes here are selling right at asking price. This is the kind of market where low-ball offers aren't a productive strategy, and where sellers who price accurately can expect a clean, fast transaction.

Concessions and price reductions add some nuance. About 28% of sellers reduced their price at some point — by an average of $16,681 — and about 31% offered closing cost assistance averaging $4,777. Neither figure indicates a buyer's market, but both confirm that homes need to be priced and presented well to avoid the slower track.

Brookfield is showing the characteristics of a healthy, low-inventory market: tight pricing, fast turnover, and stable values. It's not a frenzy, but it's not sluggish either. Sellers have the upper hand, buyers need to be prepared, and prices have held remarkably firm.

A note on the lower end of the price range: five homes in the dataset sold below $160,000. These appear to be legitimate arm's-length transactions — not foreclosures or estate sales based on the available data — but they likely involve homes with significant deferred maintenance, unusual lot situations, or other factors that place them well outside the typical Brookfield transaction. They're included in all calculations because they represent real sales, but they do compress the average below the median.

Brookfield Market Deep Dive: What the Numbers Actually Mean

Days on Market: The 8-Day Reality

When the median days on market is 8, that's not just a statistic — it's a signal about how prepared you need to be in this neighborhood. Eight days means a well-priced home can go from listed on Friday to under contract by the following weekend. That's how fast this moves for the right properties.

The average of 20.5 days is pulled up by homes that lingered. In any market, there's a segment of listings that start too high, sit for a few weeks, reduce their price, and eventually sell. That category exists in Brookfield too — you can see it in the 28% price reduction rate. But it's not representative of what happens when a home is priced correctly from day one.

For sellers, the takeaway is that aggressive pricing tends to backfire. Overpricing doesn't lead to a higher sale price — it leads to longer days on market and often a reduced final price anyway. For buyers, the message is simpler: get your financing in order before you start touring homes, because waiting until you find something you love to then start the pre-approval process will cost you.

Pricing Accuracy and Year-Over-Year Snapshot

The list-to-sale ratio of 99.41% average and 100% median is remarkably consistent. It tells you that sellers in Brookfield, on average, are pricing their homes very close to where the market actually lands. That's a healthy sign. You're not seeing a lot of wishful listing prices that collapse during negotiation.

About 28% of sellers did reduce their asking price before the sale — an average cut of $16,681. These reductions typically happen on homes that started 5-10% above realistic market value and then corrected. The homes that didn't reduce sold faster and often closer to (or at) their initial ask.

Year-Over-Year Snapshot (May 2024–May 2025 vs. May 2025–May 2026):

• Median price: $290,000 in both periods — a 0.00% change, meaning the price floor held perfectly flat
• Average price: Rose from $282,589 to $287,309 — a gain of $4,720 (+1.67%)
• Sales volume: Declined from 63 transactions to 51 — a drop of 19.0%

The flat median combined with a rising average is an interesting pattern. It suggests that while the core Brookfield market (the middle of the price range) is holding steady, higher-priced sales in the second year may be pulling the average upward slightly. The 19% volume drop is notable and likely reflects tighter inventory rather than reduced demand — fewer homes coming to market, not fewer buyers. If inventory remains constrained heading into the rest of 2026, prices could face upward pressure.

Seller Concessions: Who Has the Leverage?

Seller concessions — where the seller contributes to the buyer's closing costs — showed up in 31% of transactions, with an average of $4,777 where offered. For context, $4,777 on a $290,000 purchase is about 1.6% of the sale price. That's a meaningful chunk of change for a buyer who needs help covering closing costs, but it's not the kind of market where concessions are expected as a matter of course.

The concession rate suggests buyers have some negotiating room, but it's situational. A move-in-ready ranch that hits the market on Thursday is unlikely to come with seller help. A bi-level that's been sitting for six weeks and had a price reduction? That's where the conversation about concessions becomes realistic.

Brookfield Home Sales by Style: A Detailed Comparison

One of the most useful things you can do with market data is break it down by home style. Buyers and sellers aren't competing in the same pool — a buyer looking for a two-story is in a different micro-market than one who wants a ranch. Here's how the numbers shake out in Brookfield.

Note: One Raised Ranch sale is excluded from the style breakdown table due to the single-transaction sample size making comparisons unreliable. That home sold for $148,585.

Ranch Homes: Brookfield's Most Wanted

Ranch homes are the dominant product in Brookfield, accounting for nearly half of all sales. With a median of $289,950 and an 18-day average market time, they move well and price accurately — the 99.92% list-to-sale ratio is essentially perfect. If you own a ranch in Brookfield and price it right, the data suggests you'll sell it fast and close to asking.

Ranch-style buyers benefit from single-level living and typically larger footprints, which continues to appeal to a wide demographic range — from young families to buyers planning ahead for aging in place.

1.5 Story Homes: Priced Higher, Takes a Little Longer

One-and-a-half story homes command a median of $302,500 — about $12,550 more than the neighborhood median and roughly 4.3% above ranch-style medians. They do take a bit longer to sell at 22 days average, and the 98.74% list-to-sale ratio suggests buyers push back slightly more on price. That's not alarming — it's just a smaller buyer pool for a less common style.

2 Story Homes: Highest Median, Fastest Sale

Two-story homes are a bit of a surprise. They carry the highest median price in the neighborhood at $307,500 — about 6.0% above the overall median and approximately 6.1% above ranch homes on a median basis. Yet they move faster than any other style at just 16.9 days average. That combination of premium pricing and quick turnover suggests genuine demand for larger, multi-level homes in Brookfield. There are only 20 of them in the dataset, so inventory is limited — which probably helps.

Bi-Level Homes: The Value Play

Bi-levels are the most affordable style in Brookfield by a significant margin. At a median of $252,450 and an average of $238,350, they sit roughly $37,500 to $50,000 below the neighborhood medians for ranch and two-story homes. The tradeoff is time: bi-levels average nearly 35 days on market, which is more than twice the overall neighborhood median. The 97.66% list-to-sale ratio also indicates buyers are negotiating more. If you're buying a bi-level in Brookfield, you have more leverage than you would on a ranch or two-story.

Split Level Homes: A Niche Market

With only 6 sales in two years, split-level homes in Brookfield are a small sample. Interestingly, they averaged a 100.20% list-to-sale ratio — meaning buyers actually paid slightly over asking on average. This can happen in small samples where a couple of competitive sales skew the number. Market time averaged 32 days, similar to bi-levels. Median price of $278,500 places them roughly $11,500 below the neighborhood median, offering some value compared to ranches and two-stories.

What This Means for Brookfield Buyers and Sellers

If You're Selling in Brookfield

Price it right the first time. The data is clear on this. Homes that sell in 8 days at or above asking are priced correctly. The 28% that needed price reductions started too high and paid the price in time and negotiating position. In a market where buyers are active and inventory is limited, there's no upside to testing the market with an inflated price — buyers will notice and they'll wait.

Presentation still matters. Even in a seller-favorable market, the homes that sell fastest and cleanest are the ones that are move-in ready. Fresh paint, clean carpets, decluttered spaces, and a tidy exterior are still worth the effort. You're not competing with many listings, but you are competing for buyers who have options across southwest Topeka.

Concessions are a tool, not a given. About 31% of sellers in this dataset offered closing cost help. If your buyer needs it to make the deal work and your home is fairly priced, it can be worth considering. But don't feel obligated to offer it up front — let the negotiation tell you whether it's needed.

If You're Buying in Brookfield

Be pre-approved before you tour homes. With a median days on market of 8, you don't have time to get pre-approved after you find the right home. Have that paperwork done so you can move immediately when the right property hits the market.

Don't lowball on well-priced homes. A 100% median list-to-sale ratio means buyers aren't getting discounts on competitive properties. Coming in 5-10% below asking on a well-priced ranch that's been on the market for 3 days is a fast way to lose the house. Make your offer competitive from the start.

Bi-levels and split-levels offer the best negotiating opportunity. If those styles work for you, the data shows these homes take longer to sell and have slightly lower list-to-sale ratios. That's where you have more room to negotiate on both price and concessions.

Budget for closing costs appropriately. About 31% of sellers offered concessions averaging $4,777. You might get help, but don't count on it — especially if you're competing for a well-priced ranch or two-story.

Looking Ahead

The flat median price combined with rising average prices and declining sales volume is a picture of a market in a measured holding pattern. Prices aren't running up, but they're not retreating either. The 19% drop in sales volume from the first year to the second is likely a supply story — fewer sellers means fewer buyers can transact, not that buyers have disappeared.

Brookfield has the fundamentals of a durable neighborhood: a variety of home styles across multiple price points, genuine demand evidenced by fast absorption, and price stability that suggests buyers and sellers both see long-term value here. Barring significant changes to interest rates or the broader Topeka economy, this market looks well-positioned to continue performing steadily.

Ready to Make a Move in Brookfield?