Is Brighton, 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, Brighton has remained a Seller's Market.
Key Takeaway
Brighton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton, MA
How much do homes in Brighton, MA cost?
Median Sold Price
$580,666
$629/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brighton have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in Brighton was $580,666 in May 2024, down 10.7% from last year, and the median price per square foot was $629.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $456K | $410K | -10.1% |
| 2 Bedrooms | $575K | $560K | -2.6% |
| 3 Bedrooms | $783K | $735K | -6.1% |
| 4 Bedrooms | $925K | $1.0M | +8.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +3.4% |
Summary: Brighton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Oak Square | $850K | $900K | +5.9% |
| Washington Square | $860K | $865K | +0.6% |
| Cleveland Circle | $446K | $435K | -2.5% |
| Brookline Hills | $1.3M | $1.2M | -8.4% |
| Brighton | $649.9K | $580.6K | -10.7% |
Housing Supply in Brighton, MA
How many homes are available in Brighton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 124 | +24.0% |
Summary: The Brighton real estate market had 124 homes for sale in May 2024, a 24.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 36 | +12.5% |
| 2 Bedrooms | 34 | 45 | +32.4% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Brighton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 25 | +78.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Brighton in May 2024, up by 78.6% month-over-month. Of the 25 sold homes, 24% were sold under asking, 12% were sold at asking, and 64% were sold over asking.
Days on Market for Brighton, MA
How long does it take to sell a home in Brighton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 20 Days | -53.2% |
Summary: Homes in Brighton had an average of 20 days on market in May 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Brighton; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
