Market Overview: Brookline, MA

Single Family Properties




September Headlines
Brookline
  • 3-month unit sales are down 28.8% to 42.
  • Months of supply in September was 4.1. This is up 26.8% from 3.2 in September of 2016.
  • 3-month median price is up by 17.9%.
Nearby Areas You May Be Interested In
  • Median price in Wellesley is down 11.4% to $1,400,000.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending September, 2017% Chg From Sep, 2016
Unit Sales 42 -28.8%
Inventory 47 6.8%
Months of Supply 3.7 17.2%
Sales to List Price Ratio 97.6% -0.5%
New Listings 52 10.6%
Went To Contract 34 -30.6%
Changes Favoring Sellers
3 Months Ending September, 2017% Chg From Sep, 2016
Median Sale Price $1,945,450 17.9%
Market Time (Days) 41 -14.6%
Price per Sq Ft for Sold $547 1.3%
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Sales
There were 12 unit sales in September. This is down 14.3% from 14 in September of 2016. This is the lowest unit sales have been since 8 in March, 2017. Sales/list price ratio in September moved up to 97.0% from 96.8% in August.

Prices
Median price in September was $1,852,363. This is up 14.0% from $1,625,000 in September of 2016. 3-month median price of $1,945,450 in September was up just slightly from $1,925,000 in August and up slightly from $1,650,000 in September of 2016. Price per square foot in September was $546. This is up from $512 in August and up from $532 in September of 2016.

Inventory
Inventory of 52 in September was up 23.8% from 42 in August and up 15.6% from 45 in September of 2016. New listings in September were 29, unchanged from the same month last year. Months of supply of 4.1 in September was up somewhat from 3.2 in August and up considerably from 3.2 in September of 2016. This is the highest months of supply has been since June, 2016.

Market Time
Days on market of 54 in September was up modestly from 51 in August but down slightly from 61 in September of 2016. 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
Millis 15.24%
Needham 14.11%
Dedham 13.79%
Randolph 13.45%
Brookline 12.50%
Norfolk 11.77%
Weymouth 11.43%
Holbrook 10.90%
Plainville 10.64%
Westwood 9.97%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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