Is Brockton, 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, Brockton has remained a Seller's Market.
Key Takeaway
Brockton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brockton, MA
How much do homes in Brockton, MA cost?
Median Sold Price
$480,148
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brockton have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Brockton was $480,148 in May 2024, up 6.7% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $229K | +6.5% |
| 2 Bedrooms | $315K | $315K | 0.0% |
| 3 Bedrooms | $433.8K | $454.6K | +4.8% |
| 4 Bedrooms | $495.5K | $545K | +10.0% |
| 5+ Bedrooms | $650K | $680K | +4.6% |
Summary: Brockton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Brockton, MA
How many homes are available in Brockton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 192 | 208 | +8.3% |
Summary: The Brockton real estate market had 208 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 69 | 84 | +21.7% |
| 4 Bedrooms | 43 | 51 | +18.6% |
| 5+ Bedrooms | 48 | 42 | -12.5% |
Summary: The Brockton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 52 | -26.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brockton, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Brockton in May 2024, down by 26.8% month-over-month. Of the 52 sold homes, 17% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for Brockton, MA
How long does it take to sell a home in Brockton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -2.5% |
Summary: Homes in Brockton had an average of 31 days on market in May 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brockton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Brockton; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
