Is North Brookfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Brookfield was a Seller's Market.
Key Takeaway
North Brookfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Brookfield, MA
How much do homes in North Brookfield, MA cost?
Median Sold Price
$360,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Brookfield have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in North Brookfield was $360,000 in March 2024, up 10.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $275K | $285K | +3.6% |
| 3 Bedrooms | $322.4K | $360K | +11.6% |
| 4 Bedrooms | $330K | $504.9K | +53.0% |
| 5+ Bedrooms | $497.4K | $380K | -23.6% |
Summary: North 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 increased by 3.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 53%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| North Brookfield | $325K | $360K | +10.8% |
| West Brookfield | $373.7K | $392K | +4.9% |
| Brookfield | $370K | $369K | -0.3% |
| East Brookfield | $347.5K | $339K | -2.4% |
Housing Supply in North Brookfield, MA
How many homes are available in North Brookfield, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The North Brookfield real estate market had 16 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The North Brookfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
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 North 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 North Brookfield in March 2024, down by 60.0% 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 North Brookfield, MA
How long does it take to sell a home in North Brookfield, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 31 Days | +175.6% |
Summary: Homes in North Brookfield had an average of 31 days on market in Mar 2024, up by 175.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Brookfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in North Brookfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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