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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Brookfield is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in West Brookfield, MA cost?

Median Sold Price

$370,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$72,550(+24.4%)

Key Takeaway

Homes in West Brookfield have sold for 24.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $216.5K-
N/A
2 $256.4K$290K
+13.1%
3 $319.9K$363K
+13.5%
4 $352.5K$392K
+11.2%
5+ $130K$289K
+122.3%

Median Sold Price Compared To Nearby Cities

West Brookfield
+24.4%
Brookfield
+17.5%
North Brookfield
+12.1%
Warren
+4.4%

How many homes are available in West Brookfield, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
2528+12.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 33
0.0%
3 1515
0.0%
4 35
+66.7%
5+ 45
+25.0%

Number of Homes Sold

Jul 2022Aug 2022%
411+175.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Brookfield, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days28 Days+81.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About West Brookfield, MA

Number of homes for sale in West Brookfield, MA real estate market have reached 28. The number of homes for sale in West Brookfield, MA increased by 12% between July 2022 and August 2022. While the average time on the market in August 2022 was 28 days, the median list price was $370,000. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 13.1%, the cost of 3 bedrooms properties went up by 13.5%, 4 bedrooms properties prices increased by 11.2%, prices of 5 bedrooms properties went up by 122.3%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes remained the same, 4 bedrooms homes inventory increased by 66.7%, 5 bedrooms homes became 25% more available. Over 3 listings were sold over their listed price in August 2022 in West Brookfield, MA. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price.

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