Market Overview: Brookline, MA

Single Family Properties

November Headlines
  • Unit sales are down by 47.1%.
  • Days on market is up 63.4% to 67.
  • New listings in November were 5. This is down 54.5% from 11 in November of 2016.
Nearby Areas You May Be Interested In
  • Months of supply in Cambridge is down by 36.9%.
  • Year-to-Date price per square foot in Newton is up 1.9% to $427.
  • Inventory in Newton in November was 119. This is up 2.6% from 116 in November 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 November, 2017% Chg From Nov, 2016
Unit Sales 30 -28.6%
Inventory 44 10.0%
Months of Supply 3.6 32.0%
Went To Contract 31 -26.2%
Changes Favoring Sellers
3 Months Ending November, 2017% Chg From Nov, 2016
Median Sale Price $1,887,500 31.3%
Market Time (Days) 61 -15.3%
Price per Sq Ft for Sold $530 5.6%
Sales to List Price Ratio 98.3% 1.3%
New Listings 42 -22.2%
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There were 9 unit sales in November. This is down 47.1% from 17 in November of 2016. This is the lowest unit sales have been since 8 in March, 2017. Sales/list price ratio in November moved down to 97.5% from 100.6% in October.

Median price in November was $1,750,000. This is up 20.7% from $1,450,000 in November of 2016. 3-month median price of $1,887,500 in November was down modestly from $2,025,000 in October but up somewhat from $1,437,500 in November of 2016. Price per square foot in November was $587. This is up from $474 in October and up from $513 in November of 2016.

Inventory of 33 in November was down 32.7% from 49 in October and down 15.4% from 39 in November of 2016. New listings of 5 in November were down considerably from 8 in October and down substantially from 11 in November of 2016. Months of supply in November was 2.7, unchanged from the same month last year. This is the lowest months of supply has been since February, 2017.

Market Time
Days on market of 67 in November was up just slightly from 66 in October and way up from 41 in November of 2016. On a year-over-year basis, days on market has been rising for 4 months. This is the highest days on market has been since April, 2017.

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 16.67%
Randolph 13.45%
Dedham 11.72%
Millis 10.91%
Weymouth 10.70%
Needham 10.56%
Westwood 9.97%
Cohasset 9.38%
Medway 9.21%
Holbrook 9.14%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)

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