Is Brookline Hills, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Brookline Hills was a Buyer's Market.
Key Takeaway
Brookline Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Brookline Hills, MA
How much do homes in Brookline Hills, MA cost?
Median Sold Price
$1,209,000
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookline Hills have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Brookline Hills was $1,209,000 in April 2024, down 5.2% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $537.2K | $545K | +1.4% |
| 2 Bedrooms | $781.5K | $810K | +3.6% |
| 3 Bedrooms | $1.2M | $1.3M | +3.9% |
| 4 Bedrooms | $1.8M | $1.7M | -7.2% |
| 5+ Bedrooms | $3.1M | $2.2M | -27.6% |
Summary: Brookline Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Square | $856K | $917.7K | +7.2% |
| Brookline Village | $880K | $890K | +1.1% |
| Brookline Hills | $1.2M | $1.2M | -5.2% |
| Brighton | $638.6K | $587.2K | -8.1% |
Housing Supply in Brookline Hills, MA
How many homes are available in Brookline Hills, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 40 | +60.0% |
Summary: The Brookline Hills real estate market had 40 homes for sale in April 2024, a 60.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The Brookline Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookline Hills, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Brookline Hills in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Brookline Hills, MA
How long does it take to sell a home in Brookline Hills, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -15.7% |
Summary: Homes in Brookline Hills had an average of 24 days on market in Apr 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
4 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 Brookline Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Brookline Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
