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.
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
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
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
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.