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(Prices and inventory current as of Nov 30, 1999)

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Real Estate Market Update | Brookline | 2023 1st Quarter Vs 2022 1st Quarter

Real Estate Market Update | Brookline | 2023 1st Quarter Vs 2022 1st Quarter
May 6, 2023 By: Category: Uncategorized

Real Estate Market Update | Brookline | 2023 1st Quarter Vs 2022 1st Quarter

Welcome to The Griffin Real Estate Market Update.

If you’re thinking about buying or selling residential real estate, it’s  important to understand the current market trends. 

According to MLSPIN, the marketplace for Brookline residential  properties, here’s what happened in Q1 2023 versus Q1 2022: 

The Number of SOLD listings increased by 56% to 112 properties  with a top sale of $6.1 million at 345 Buckminster Rd in Brookline. 

The Average Sales Price decreased by 15% to $1.29 million moving  the Average Price Per Square Foot down to $740 per square foot. 

The inventory of properties available for sale as measured in months  supply increased by 68% to 1.04 months worth of properties for  sale. 

The average 30 year fixed mortgage rate increased to 4.73%  according to Bank Rate.com.

Thanks for tuning in, we’ll see you in the next Griffin Real Estate  Market Update.

Brookline

Average Sales Price
Q1 2022 – $1516860.64
Q1 2023 – $1288948.61
decreased by 15%

Average Days On Market
Q1 2022 – 42
Q1 2023 – 55
increased by 31%

Average Sale Price Per Square Foot
Q1 2022 – $765.4
Q1 2023 – $740.44
decreased by 3%

Sale to List Price Ratio
Q1 2022 – 100.99%
Q1 2023 – 97.63%
decreased by 3%

Number of Sold Listings
Q1 2022 – 72
Q1 2023 – 112
increased by 56%

Months Supply of Inventory
Q1 2022 – 0.62
Q1 2023 – 1.04
increased by 68%

Mortgage Rate
Q1 2022 – 6.48%
Q1 2023 – 4.73%
37% increased

Top 10 Sales

  1. $6100000 345 Buckminster Rd Brookline, MA
  2. $5250000 102 Dean Rd Brookline, MA
  3. $4500000 41 Codman Road Brookline, MA
  4. $3300000 38 York Ter Brookline, MA
  5. $3200000 24 Fuller Street #3 Brookline, MA
  6. $2749000 43 Summit Ave #43 Brookline, MA
  7. $2700000 56 Thorndike St #56 Brookline, MA
  8. $2450000 25 Aston Rd Brookline, MA
  9. $2200000 224 Mason Terrace Brookline, MA
  10. $2050000 44 Atherton Road #2 – Upper Brookline, MA

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