Is Brookline, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookline is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, Brookline has remained a Seller's Market.

Key Takeaway

Brookline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Brookline, MA cost?

Median Sold Price

$1,152,708

$749/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$76,708(+7.1%)

Key Takeaway

Homes in Brookline have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $547K$557.5K
+1.9%
2 $800K$859K
+7.4%
3 $1.2M$1.2M
+3.0%
4 $1.7M$1.8M
+8.0%
5+ $2.6M$2.9M
+8.6%

Median Sold Price Compared To Nearby Cities

Brookline
+7.1%
Newton
+6.7%
Boston
+3.9%
Chestnut Hill
-4.0%

How many homes are available in Brookline, MA?

Number of Homes For Sale

Apr 2023May 2023%
202241+19.3%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 2932
+10.3%
2 5461
+13.0%
3 3845
+18.4%
4 4041
+2.5%
5+ 4162
+51.2%

Number of Homes Sold

Apr 2023May 2023%
3650+38.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookline, you may be able to get a good deal. 48% of homes here sold below asking price last month.

How long does it take to sell a home in Brookline, MA?

How long does it take to sell a home in Brookline, MA?

Average Sale Time

May 2022May 2023%
23 Days37 Days+60.9%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brookline are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Brookline, MA?

About Brookline, MA

Brookline, MA has 241 homes for sale to choose from. In May 2023 in Brookline, MA there were 19.3% more homes for sale than in April 2023. In May 2023 median list price was $1,152,708 and the average listing age was 37 days. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 1.9%, 2 bedrooms properties became 7.4% more expensive, prices of 3 bedrooms properties increased by 3%, the cost of 4 bedrooms properties went up by 8%, prices of 5 bedrooms properties went up by 8.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 10.3% more available, volume of 2 bedrooms homes went up by 13%, volume of 3 bedrooms homes went up by 18.4%, the quantity of 4 bedrooms homes went up by 2.5%, 5 bedrooms homes became 51.2% more available. In May 2023 more than 17 listings in Brookline, MA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 24 were sold below.