Is West Brookfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, West Brookfield has remained a Seller's Market.
Key Takeaway
West Brookfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Brookfield, MA
How much do homes in West Brookfield, MA cost?
Median Sold Price
$401,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in West Brookfield have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in West Brookfield was $401,000 in June 2024, up 6.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $415K | +48.2% |
| 2 Bedrooms | $324.9K | $340K | +4.6% |
| 3 Bedrooms | $386.4K | $375K | -3.0% |
| 4 Bedrooms | $707.4K | $713K | +0.8% |
| 5+ Bedrooms | $375K | $647.5K | +72.7% |
Summary: West Brookfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 72.7%.
Median Sold Price Compared To Nearby Cities
| Warren | $287K | $351.2K | +22.4% |
| West Brookfield | $375K | $401K | +6.9% |
| Brookfield | $375K | $365.4K | -2.5% |
Housing Supply in West Brookfield, MA
How many homes are available in West Brookfield, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The West Brookfield real estate market had 19 homes for sale in June 2024, a 11.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Brookfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Brookfield, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Brookfield in June 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for West Brookfield, MA
How long does it take to sell a home in West Brookfield, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +8.7% |
Summary: Homes in West Brookfield had an average of 29 days on market in Jun 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Brookfield are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 7 homes were sold in West Brookfield; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
