Is Brookhaven, PA 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, Brookhaven has remained a Seller's Market.
Key Takeaway
Brookhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookhaven, PA
How much do homes in Brookhaven, PA cost?
Median Sold Price
$263,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brookhaven have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Brookhaven was $263,000 in May 2024, up 5.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.7K | $145K | +8.4% |
| 2 Bedrooms | $202.5K | $285K | +40.7% |
| 3 Bedrooms | $296.2K | $260K | -12.2% |
| 4 Bedrooms | $381K | $333.5K | -12.5% |
| 5+ Bedrooms | $400K | $350K | -12.5% |
Summary: Brookhaven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 40.7%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Upland | $172K | $185K | +7.6% |
| Brookhaven | $249.9K | $263K | +5.2% |
| Rose Valley | $777.5K | $809K | +4.1% |
| Chester Township | $135K | $125K | -7.4% |
Housing Supply in Brookhaven, PA
How many homes are available in Brookhaven, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 78 | +16.4% |
Summary: The Brookhaven real estate market had 78 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brookhaven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookhaven, expect to pay close to the asking price. 56.3% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Brookhaven in May 2024, down by 23.8% month-over-month. Of the 16 sold homes, 13% were sold under asking, 56% were sold at asking, and 31% were sold over asking.
Days on Market for Brookhaven, PA
How long does it take to sell a home in Brookhaven, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +33.7% |
Summary: Homes in Brookhaven had an average of 15 days on market in May 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookhaven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Brookhaven; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
