Is Brookhaven, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookhaven is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Brookhaven was a Seller's Market.

Key Takeaway

Brookhaven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Brookhaven, PA

How much do homes in Brookhaven, PA cost?

Median Sold Price

$261,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$6,500(-2.4%)

Key Takeaway

Homes in Brookhaven have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Brookhaven was $261,000 in September 2024, down 2.4% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $142K$143.5K
+1.1%
2 $263.5K$269.9K
+2.4%
3 $260K$261K
0.4%
4 $377.5K$333.5K
-11.7%
5+ $400K$350K
-12.5%

Summary: Brookhaven housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Cities

Chester Township
+6.8%
Brookhaven
-2.4%
Parkside
-6.2%

Housing Supply in Brookhaven, PA

How many homes are available in Brookhaven, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7163-11.3%

Summary: The Brookhaven real estate market had 63 homes for sale in September 2024, a 11.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 24
+100.0%
2 2017
-15.0%
3 3531
-11.4%
4 1110
-9.1%
5+ 31
-66.7%

Summary: The Brookhaven housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2810-64.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookhaven, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Brookhaven in September 2024, down by 64.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Brookhaven, PA

How long does it take to sell a home in Brookhaven, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days10 Days-43.7%

Summary: Homes in Brookhaven had an average of 10 days on market in Sep 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 10 homes were sold in Brookhaven; 90% of homes were sold within 30 days, 10% 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 Sep 1, 2024

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