Is Brookhaven, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookhaven is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Brookhaven, PA

How much do homes in Brookhaven, PA cost?

Median Sold Price

$261,666

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,333(-2.7%)

Key Takeaway

Homes in Brookhaven have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Brookhaven was $261,666 in October 2024, down 2.7% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $142K$145K
+2.1%
2 $274.5K$260K
-5.3%
3 $260K$260K
0.0%
4 $363.5K$334.5K
-8.0%
5+ $400K$350K
-12.5%

Summary: Brookhaven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Cities

Chester Township
+8.0%
Upland
+7.6%
Brookhaven
-2.7%

Housing Supply in Brookhaven, PA

How many homes are available in Brookhaven, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6170+14.8%

Summary: The Brookhaven real estate market had 70 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1615
-6.3%
3 3239
+21.9%
4 1011
+10.0%
5+ 12
+100.0%

Summary: The Brookhaven housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookhaven, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Brookhaven in October 2024, up by 61.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for Brookhaven, PA

How long does it take to sell a home in Brookhaven, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days23 Days+168.6%

Summary: Homes in Brookhaven had an average of 23 days on market in Oct 2024, up by 168.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Brookhaven; 67% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Brookhaven, PA

Nearby Markets to Brookhaven, PA

What housing markets are near Brookhaven, PA?