Is South Brookline, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Brookline is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Brookline was a Seller's Market.

Key Takeaway

South Brookline is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in South Brookline, MA

How much do homes in South Brookline, MA cost?

Median Sold Price

$1,653,250

$663/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,750(+0.7%)

Key Takeaway

Homes in South Brookline have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in South Brookline was $1,653,250 in November 2024, up 0.7% from last year, and the median price per square foot was $663.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $611.2K$580K
-5.1%
2 $765K$738K
-3.5%
3 $1.3M$1.2M
-8.8%
4 $1.7M$1.6M
-9.2%
5+ $2.5M$2.9M
+16.6%

Summary: South Brookline housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 16.6%.

Median Sold Price Compared To Nearby Neighborhoods

Moss Hill
+22.0%
Jamaica Plain
+10.7%
Brookline Hills
+5.5%
South Brookline
+0.7%
Chestnut Hill
-10.9%

Housing Supply in South Brookline, MA

How many homes are available in South Brookline, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2825-10.7%

Summary: The South Brookline real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 43
-25.0%
4 88
0.0%
5+ 1512
-20.0%

Summary: The South Brookline housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was 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 South Brookline, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in South Brookline in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for South Brookline, MA

How long does it take to sell a home in South Brookline, MA?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days16 Days-62.7%

Summary: Homes in South Brookline had an average of 16 days on market in Nov 2024, down by 62.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Brookline are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in South Brookline; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in South Brookline, MA

Nearby Markets to South Brookline, MA