Is Brimfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brimfield has remained a Seller's Market.
Key Takeaway
Brimfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brimfield, MA
How much do homes in Brimfield, MA cost?
Median Sold Price
$360,250
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brimfield have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Brimfield was $360,250 in May 2024, down 3.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $293.5K | +19.8% |
| 3 Bedrooms | $377.5K | $376.5K | -0.3% |
| 4 Bedrooms | $460.5K | $244.2K | -47.0% |
| 5+ Bedrooms | $628K | $444K | -29.3% |
Summary: Brimfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 47%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Fiskdale | $405K | $490K | +21.0% |
| Warren | $287.5K | $340K | +18.3% |
| Palmer | $285.9K | $318.7K | +11.5% |
| Palmer Town | $280K | $305K | +8.9% |
| Brimfield | $374.9K | $360.2K | -3.9% |
Housing Supply in Brimfield, MA
How many homes are available in Brimfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Brimfield real estate market had 13 homes for sale in May 2024, a 62.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brimfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brimfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Brimfield in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Brimfield, MA
How long does it take to sell a home in Brimfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -38.1% |
Summary: Homes in Brimfield had an average of 13 days on market in May 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brimfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Brimfield; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
