Market Overview: Brookline, MA

Condominium Properties




September Headlines
Brookline
  • Median price is down by 5.9%.
  • Price per square foot is up 7.2% to $663.
  • New listings in September were 67. This is down 9.5% from 74 in September of 2016.
Nearby Areas You May Be Interested In
  • 3-month median price in Cambridge is up 15.2% to $760,000.
  • Days on market in Boston in September was 39. This is down 9.3% from 43 in September of 2016.
  • 3-month months of supply in Boston is up by 6.8%.
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 154 -6.7%
Inventory 71 1.4%
Went To Contract 104 -13.3%
Changes Favoring Sellers
3 Months Ending September, 2017% Chg From Sep, 2016
Median Sale Price $790,500 2.0%
Months of Supply 1.7 -0.2%
Market Time (Days) 25 -16.7%
Price per Sq Ft for Sold $670 10.0%
Sales to List Price Ratio 101.7% 0.4%
New Listings 142 -9.0%
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Sales
There were 31 unit sales in September. This is down 3.1% from 32 in September of 2016. This is the lowest unit sales have been since 15 in February, 2017. Sales/list price ratio in September moved down to 100.2% from 101.5% in August.

Prices
Median price in September was $801,000. This is down 5.9% from $851,250 in September of 2016. 3-month median price of $790,500 in September was down marginally from $802,500 in August but very slightly up from $775,006 in September of 2016. Price per square foot in September was $663. This is down from $668 in August but up from $619 in September of 2016.

Inventory
Inventory of 85 in September was up 44.1% from 59 in August but down 2.3% from 87 in September of 2016. New listings of 67 in September were up substantially from 21 in August but down slightly from 74 in September of 2016. Months of supply in September was 2.1, unchanged from the same month last year. This is the highest months of supply has been since September, 2016.

Market Time
Days on market of 34 in September was way up from 25 in August and up considerably from 28 in September of 2016. This is the highest days on market has been since February, 2017.


Change in Median Sale Price for Condominium Properties YTD From 2016 To 2017 for Towns in Norfolk County, MA Ranked by Best Performance
Towns% Change
Weymouth 16.86%
Quincy 13.91%
Braintree 7.08%
Randolph 5.00%
Stoughton 4.97%
Brookline 3.35%
Canton -0.27%
Franklin -6.87%
Data From: MLSPIN
Towns with an average of at least 5 sales per month (maximum of 10)
 








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