Is East Brookfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Brookfield has remained a Seller's Market.
Key Takeaway
East Brookfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Brookfield, MA
How much do homes in East Brookfield, MA cost?
Median Sold Price
$339,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Brookfield have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in East Brookfield was $339,000 in March 2024, down 2.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.5K | $276.2K | -7.1% |
| 3 Bedrooms | $352K | $351K | -0.3% |
| 4 Bedrooms | $535.8K | $355K | -33.8% |
| 5+ Bedrooms | $350K | $289.7K | -17.2% |
Summary: East Brookfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 33.8%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Charlton | $445K | $505K | +13.5% |
| North Brookfield | $325K | $360K | +10.8% |
| Brookfield | $370K | $369K | -0.3% |
| East Brookfield | $347.5K | $339K | -2.4% |
Housing Supply in East Brookfield, MA
How many homes are available in East Brookfield, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The East Brookfield real estate market had 6 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The East Brookfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brookfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in East Brookfield in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for East Brookfield, MA
How long does it take to sell a home in East Brookfield, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 172 Days | +331.3% |
Summary: Homes in East Brookfield had an average of 172 days on market in Mar 2024, up by 331.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Brookfield has remained consistent over time.
Summary: During March 2024, 2 homes were sold in East Brookfield; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
