Market Overview: Brookline, MA

Single Family Properties




July Headlines
Brookline
  • Year-to-Date price per square foot is up 11.3% to $589.
  • 3-month median price in July was $1,800,000. This is down 6.9% from $1,932,500 in July of 2016.
  • Months of supply is down by 3.5%.
Nearby Areas You May Be Interested In
  • Median price in Cambridge is down 50.8% to $1,310,000.
  • Months of supply in Newton in July was 2.8. This is down 13.1% from 3.3 in July of 2016.
  • Days on market in Cambridge is up by 12.5%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending July, 2017% Chg From Jul, 2016
Median Sale Price $1,800,000 -6.9%
Went To Contract 48 -18.6%
Changes Favoring Sellers
3 Months Ending July, 2017% Chg From Jul, 2016
Unit Sales 55 1.9%
Inventory 48 -15.8%
Months of Supply 3.4 -18.8%
Market Time (Days) 27 -30.8%
Price per Sq Ft for Sold $586 8.7%
Sales to List Price Ratio 99.4% 0.5%
New Listings 63 -1.6%
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Sales
There were 16 unit sales in July. This is down 5.9% from 17 in July of 2016. Sales/list price ratio in July moved down to 99.0% from 100.1% in June.

Prices
Median price in July was $1,740,000. This is up 6.4% from $1,635,000 in July of 2016. 3-month median price of $1,800,000 in July was down just slightly from $1,810,000 in June and down a little from $1,932,500 in July of 2016. Price per square foot in July was $590. This is up from $588 in June and up from $570 in July of 2016.

Inventory
Inventory in July was 48, unchanged from the same month last year. New listings of 14 in July were way down from 24 in June but up modestly from 13 in July of 2016. Months of supply of 3.4 in July was down a little from 3.6 in June and down marginally from 3.5 in July of 2016.

Market Time
Days on market of 23 in July was down substantially from 36 in June and down a little from 25 in July 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
Holbrook 17.22%
Randolph 16.67%
Dedham 16.26%
Millis 16.10%
Weymouth 11.32%
Needham 10.53%
Norfolk 9.44%
Canton 8.99%
Dover 8.94%
Plainville 8.65%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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