Is Brockton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$479,142
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brockton have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Brockton was $479,142 in April 2024, up 6.5% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $226K | +5.1% |
| 2 Bedrooms | $300.5K | $323K | +7.5% |
| 3 Bedrooms | $434.1K | $450.3K | +3.7% |
| 4 Bedrooms | $499.9K | $545K | +9.0% |
| 5+ Bedrooms | $650K | $675.1K | +3.9% |
Summary: Brockton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Brockton, MA
How many homes are available in Brockton, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 207 | 188 | -9.2% |
Summary: The Brockton real estate market had 188 homes for sale in April 2024, a 9.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 79 | 67 | -15.2% |
| 4 Bedrooms | 46 | 45 | -2.2% |
| 5+ Bedrooms | 51 | 45 | -11.8% |
Summary: The Brockton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brockton, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 66 homes were sold or pending in Brockton in April 2024, up by 11.9% month-over-month. Of the 66 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 23 Days | -26.1% |
Summary: Homes in Brockton had an average of 23 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brockton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 66 homes were sold in Brockton; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
