Is North Brookfield, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Brookfield is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, North Brookfield has remained a Seller's Market.

Key Takeaway

North Brookfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Brookfield, MA

How much do homes in North Brookfield, MA cost?

Median Sold Price

$380,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+11.8%)

Key Takeaway

Homes in North Brookfield have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in North Brookfield was $380,000 in October 2024, up 11.8% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K-
N/A
2 $280K$347.8K
+24.2%
3 $325K$395K
+21.5%
4 $504.9K$350K
-30.7%
5+ $419.5K$420K
0.1%

Summary: North Brookfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

East Brookfield
+21.2%
North Brookfield
+11.8%
Spencer
+11.3%
Brookfield
-1.2%

Housing Supply in North Brookfield, MA

How many homes are available in North Brookfield, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2325+8.7%

Summary: The North Brookfield real estate market had 25 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1111
0.0%
4 89
+12.5%
5+ 23
+50.0%

Summary: The North Brookfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Brookfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Brookfield in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for North Brookfield, MA

How long does it take to sell a home in North Brookfield, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days67 Days+86.7%

Summary: Homes in North Brookfield had an average of 67 days on market in Oct 2024, up by 86.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Brookfield has remained consistent over time.

Summary: During October 2024, 6 homes were sold in North Brookfield; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in North Brookfield, MA

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