Is South Brookline, 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, South Brookline was a Seller's Market.
Key Takeaway
South Brookline is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Brookline, MA
How much do homes in South Brookline, MA cost?
Median Sold Price
$1,625,000
$659/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Brookline have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in South Brookline was $1,625,000 in April 2024, down 5.8% from last year, and the median price per square foot was $659.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429.9K | $581.2K | +35.2% |
| 2 Bedrooms | $950K | $786K | -17.3% |
| 3 Bedrooms | $1.4M | $1.3M | -5.0% |
| 4 Bedrooms | $1.4M | $1.8M | +27.2% |
| 5+ Bedrooms | $4.4M | $2.3M | -46.0% |
Summary: South Brookline housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 46%.
Median Sold Price Compared To Nearby Neighborhoods
| Chestnut Hill | $1.1M | $1.2M | +6.3% |
| Jamaica Plain | $770K | $760.8K | -1.2% |
| Brookline Hills | $1.2M | $1.2M | -5.2% |
| South Brookline | $1.7M | $1.6M | -5.8% |
Housing Supply in South Brookline, MA
How many homes are available in South Brookline, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Summary: The South Brookline real estate market had 32 homes for sale in April 2024, a 39.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The South Brookline housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Brookline, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Brookline in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for South Brookline, MA
How long does it take to sell a home in South Brookline, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 28 Days | -33.5% |
Summary: Homes in South Brookline had an average of 28 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Brookline has remained consistent over time.
Summary: During April 2024, 4 homes were sold in South Brookline; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
