Market Overview: Brookline, MA

Single Family Properties

February Headlines
  • No significant changes.
Nearby Areas You May Be Interested In
  • Year-to-Date median price in Wellesley is up 26.4% to $1,725,000.
  • Median price in Weston in February was $1,680,000. This is up 42.0% from $1,183,000 in February of 2017.
  • Median price in Lexington is down by 18.9%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending February, 2018% Chg From Feb, 2017
Unit Sales 15 -40.0%
Months of Supply 2.5 6.1%
Market Time (Days) 92 17.9%
Sales to List Price Ratio 95.7% -0.3%
New Listings 29 3.6%
Went To Contract 13 -31.6%
Changes Favoring Sellers
3 Months Ending February, 2018% Chg From Feb, 2017
Median Sale Price $1,835,000 4.9%
Inventory 28 -15.2%
Price per Sq Ft for Sold $563 6.6%
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There were 5 unit sales in February. This is up 150.0% from 2 in February of 2017. This is the lowest unit sales have been since 2 in February, 2017. Sales/list price ratio in February moved down to 95.6% from 96.2% in January.

Median price in February was $2,354,000. This is up 203.7% from $775,000 in February of 2017. This is the highest median price has been since April, 2017. 3-month median price of $1,835,000 in February was up marginally from $1,800,000 in January and very slightly up from $1,750,000 in February of 2017. Price per square foot in February was $706. This is up from $539 in January and up from $470 in February of 2017.

Inventory in February was 37, unchanged from the same month last year. New listings of 22 in February were up substantially from 5 in January and way up from 16 in February of 2017. Months of supply of 3.3 in February was up considerably from 2 in January and up moderately from 2.6 in February of 2017.

Market Time
Days on market of 57 in February was way down from 118 in January but up considerably from 41 in February of 2017. This is the lowest days on market has been since September, 2017.

Change in Median Sale Price for Single Family Properties YTD From 2017 To 2018 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Franklin 29.87%
Milton 29.83%
Wellesley 26.37%
Plainville 16.67%
Randolph 13.75%
Quincy 12.17%
Holbrook 11.47%
Bellingham 11.06%
Weymouth 9.02%
Medway 7.71%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)

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