Market Overview: Brookline, MA

Single Family Properties

May Headlines
  • Days on market is down 55.0% to 18.
  • 3-month price per square foot in May was $612. This is up 15.1% from $532 in May of 2016.
  • New listings are down by 21.2%.
Nearby Areas You May Be Interested In
  • 3-month unit sales in Wellesley are up by 55.9%.
  • Median price in Wellesley is up 42.9% to $1,310,000.
  • Unit sales in Weston in May were 22. This is up 69.2% from 13 in May of 2016.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending May, 2017% Chg From May, 2016
Unit Sales 36 -2.7%
Changes Favoring Sellers
3 Months Ending May, 2017% Chg From May, 2016
Median Sale Price $1,997,500 21.1%
Inventory 48 -22.6%
Months of Supply 3.4 -17.5%
Market Time (Days) 62 -18.4%
Price per Sq Ft for Sold $612 15.1%
Sales to List Price Ratio 97.8% 1.0%
New Listings 87 -17.1%
Went To Contract 66 10.0%
Click here to see monthly and longer-term averages.

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Unit sales in May were 16, unchanged from the same month last year. This is the highest unit sales have been since 17 in November, 2016. Sales/list price ratio in May moved up to 98.6% from 97.3% in April.

Median price in May was $1,617,500. This is down 3.7% from $1,679,250 in May of 2016. 3-month median price of $1,997,500 in May was down a little from $2,112,500 in April but up moderately from $1,650,000 in May of 2016. Price per square foot in May was $580. This is down from $625 in April but up from $555 in May of 2016.

Inventory of 46 in May was down 16.4% from 55 in April and down 29.2% from 65 in May of 2016. New listings of 26 in May were down slightly from 30 in April and down considerably from 33 in May of 2016. Months of supply of 3.3 in May was down modestly from 3.9 in April and down somewhat from 4.3 in May of 2016.

Market Time
Days on market of 18 in May was down considerably from 99 in April and down substantially from 40 in May of 2016.

Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Brookline 25.38%
Canton 21.21%
Holbrook 19.19%
Millis 18.13%
Needham 15.34%
Randolph 14.98%
Wellesley 11.67%
Weymouth 11.11%
Dedham 10.70%
Walpole 9.09%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)

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