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Brookline, MA Home Prices Up, Inventory Down in November 2013

Jan 11, 2014 10:31:00 AM

From January through November, the price of a single-family home in Brookline, Massachusetts increased compared to the same period in 2012, the Massachusetts Association of Realtors (MAR) reported recently.

Brookline, MA Real Estate PricesThe median price of a single-family home increased 9.4 percent to $1,367,250 compared to $1,250,000 during the same eleven-month period in 2012. In November 2013, the median price rose to $1,825,000, a 57.3 percent increase compared to $1,160,000 in November 2012.

The number of single-family homes sold in Brookline, MA between January and November 2013 rose 3.1 percent to 168 sales, a slight increase from 163 sales during the same time period in 2012. There were 7 homes sold in November 2013, a 58.8 percent decrease from 17 homes sold in November 2012. 

The median price for a condominium in Brookline also increased between January and November 2013, according to MAR data.

The median price of a condominium increased to $551,823, up 10.4 percent from $500,000 during the same eleven months in 2012. For the month of November, the median price increased to $588,400, a 20.1 percent rise from $490,000 in November 2012.

The number of condominiums sold in Brookline, MA between January and November 2013 dropped 4.2 percent to 507 sales, a slight decrease from 529 sales during the same time period in 2012. There were 46 condominiums sold in November 2013, a 27.8 percent increase from 36 condominiums sold in November 2012.

According to data compiled by the MAR, Brookline saw a decline in real estate inventory in November 2013. The number of single-family homes on the market decreased by 13.5 percent. The number of condominiums on the market dropped by 22 percent.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Brookline MA

   

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