Is Brookline, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Brookline, MA
How much do homes in Brookline, MA cost?
Median Sold Price
$1,225,000
$746/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookline have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Brookline was $1,225,000 in April 2024, up 6.2% from last year, and the median price per square foot was $746.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $573.5K | +3.3% |
| 2 Bedrooms | $850K | $860K | +1.2% |
| 3 Bedrooms | $1.2M | $1.3M | +3.3% |
| 4 Bedrooms | $1.8M | $1.9M | +6.4% |
| 5+ Bedrooms | $2.9M | $2.6M | -10.5% |
Summary: Brookline housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Chestnut Hill | $1.2M | $1.4M | +14.3% |
| Newton | $1.3M | $1.4M | +7.9% |
| Brookline | $1.1M | $1.2M | +6.2% |
| Boston | $776.2K | $807K | +4.0% |
Housing Supply in Brookline, MA
How many homes are available in Brookline, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 166 | 232 | +39.8% |
Summary: The Brookline real estate market had 232 homes for sale in April 2024, a 39.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 36 | +50.0% |
| 2 Bedrooms | 50 | 62 | +24.0% |
| 3 Bedrooms | 26 | 38 | +46.2% |
| 4 Bedrooms | 24 | 36 | +50.0% |
| 5+ Bedrooms | 42 | 60 | +42.9% |
Summary: The Brookline housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 41 | +41.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookline, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Brookline in April 2024, up by 41.4% month-over-month. Of the 41 sold homes, 39% were sold under asking, 7% were sold at asking, and 54% were sold over asking.
Days on Market for Brookline, MA
How long does it take to sell a home in Brookline, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.2% |
Summary: Homes in Brookline had an average of 23 days on market in Apr 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brookline are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 41 homes were sold in Brookline; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
