Is Brookhaven, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brookhaven has remained a Seller's Market.
Key Takeaway
Brookhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookhaven, PA
How much do homes in Brookhaven, PA cost?
Median Sold Price
$269,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookhaven have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Brookhaven was $269,000 in April 2024, up 7.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $145K | +5.5% |
| 2 Bedrooms | $210K | $280K | +33.3% |
| 3 Bedrooms | $290K | $260K | -10.3% |
| 4 Bedrooms | $368.5K | $340K | -7.7% |
| 5+ Bedrooms | - | $375K | N/A |
Summary: Brookhaven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brookhaven | $249.9K | $269K | +7.6% |
| Upland | $172K | $185K | +7.6% |
| Rose Valley | $777.5K | $779K | 0.2% |
| Chester Township | $144.5K | $125K | -13.5% |
Housing Supply in Brookhaven, PA
How many homes are available in Brookhaven, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Brookhaven real estate market had 61 homes for sale in April 2024, a 3.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brookhaven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookhaven, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Brookhaven in April 2024, down by 5.3% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +10.1% |
Summary: Homes in Brookhaven had an average of 12 days on market in Apr 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookhaven are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Brookhaven; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
