Is Holbrook, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Holbrook has remained a Seller's Market.
Key Takeaway
Holbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holbrook, MA
How much do homes in Holbrook, MA cost?
Median Sold Price
$515,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Holbrook have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Holbrook was $515,000 in May 2024, up 8.6% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $217K | -28.9% |
| 2 Bedrooms | $355.9K | $399.5K | +12.2% |
| 3 Bedrooms | $472.5K | $515K | +9.0% |
| 4 Bedrooms | $520K | $550K | +5.8% |
| 5+ Bedrooms | $585K | $613K | +4.8% |
Summary: Holbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| South Weymouth | $530K | $585K | +10.4% |
| Abington | $485K | $530K | +9.3% |
| Holbrook | $474K | $515K | +8.6% |
| Randolph | $500K | $526.6K | +5.3% |
| Braintree Town | $623.5K | $655.6K | +5.2% |
Housing Supply in Holbrook, MA
How many homes are available in Holbrook, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Holbrook real estate market had 29 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Holbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holbrook, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Holbrook in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 30% were sold at asking, and 70% were sold over asking.
Days on Market for Holbrook, MA
How long does it take to sell a home in Holbrook, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +105.7% |
Summary: Homes in Holbrook had an average of 36 days on market in May 2024, up by 105.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Holbrook are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Holbrook; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
