Median house prices in Brookline MA are on the rise again.
Brookline’s market for single family houses is only 22% of the total number of properties sold in the past twelve months. But in dollars, the Brookline market for houses had $246.5 million in closings, worth 42% of the dollar volume of real estate sold in Brookline in the past twelve months. The rest is accounted for almost entirely by condominium sales.
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Brookline houses are comparatively expensive, averaging $1,521,000. Land, space, driveways, and privacy are highly desirable in the urban setting. Coupled with the convenience of Brookline’s location and top rated public schools and the reasons behind the prices are quite clear.
Below find a three year chart of the median house prices in Brookline MA. Prices started a sharp rise in early 2011, with a clear trend upwards with seasonal dips since. Where are they headed next? A seasonal dip or another downturn?
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