Is North Brookfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Brookfield is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in North Brookfield, MA

How much do homes in North Brookfield, MA cost?

Median Sold Price

$365,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,000(+7.4%)

Key Takeaway

Homes in North Brookfield have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in North Brookfield was $365,000 in September 2024, up 7.4% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $220K-
N/A
2 $302.5K$341K
+12.7%
3 $330.9K$380K
+14.8%
4 $345K$339K
-1.7%
5+ $419.5K$410K
-2.3%

Summary: North Brookfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

East Brookfield
+26.1%
Spencer
+9.7%
North Brookfield
+7.4%
West Brookfield
+5.0%
Brookfield
-7.4%

Housing Supply in North Brookfield, MA

How many homes are available in North Brookfield, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2021+5.0%

Summary: The North Brookfield real estate market had 21 homes for sale in September 2024, a 5.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 710
+42.9%
4 107
-30.0%
5+ 22
0.0%

Summary: The North Brookfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Brookfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in North Brookfield in September 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Sep 2023Sep 2024CHANGE
19 Days13 Days-29.0%

Summary: Homes in North Brookfield had an average of 13 days on market in Sep 2024, down by 29% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 5 homes were sold in North Brookfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in North Brookfield, MA

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