Is North Brookfield, 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, North Brookfield has remained a Seller's Market.
Key Takeaway
North Brookfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Brookfield, MA
How much do homes in North Brookfield, MA cost?
Median Sold Price
$360,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Brookfield have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in North Brookfield was $360,000 in May 2024, up 7.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $280K | $325K | +16.1% |
| 3 Bedrooms | $325.5K | $359.9K | +10.6% |
| 4 Bedrooms | $330K | $504.9K | +53.0% |
| 5+ Bedrooms | $444.9K | $410K | -7.8% |
Summary: North Brookfield 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 16.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 53%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| East Brookfield | $325K | $361K | +11.1% |
| North Brookfield | $335K | $360K | +7.5% |
| Spencer | $378.7K | $400K | +5.6% |
| Brookfield | $377.5K | $365.9K | -3.1% |
Housing Supply in North Brookfield, MA
How many homes are available in North Brookfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The North Brookfield real estate market had 12 homes for sale in May 2024, a 14.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Brookfield 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Brookfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in North Brookfield in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for North Brookfield, MA
How long does it take to sell a home in North Brookfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 48 Days | +257.4% |
Summary: Homes in North Brookfield had an average of 48 days on market in May 2024, up by 257.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Brookfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in North Brookfield; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
