Real Estate Update for Brockton

Dated: 09/27/2018

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Brockton is the seventh largest city in Massachusetts with a population of about 95,000 people.  It is sometimes referred to as the "City of Champions", due to the success of native boxers Rocky Marciano and Marvin Hagler, as well as its' successful Brockton High School sports programs. Two of the villages within the city are Montello and Campello:  both have the distinction of having their own MBTA Commuter Rail Stations and post offices.  Brockton hosts a baseball team, the Brockton Rox and is one of the windiest cities in the United States, with an average wind speed of 14.3 mph. 

In July and August 2018, home sales dropped slightly from the same time period the previous year:  177 single family homes sold in 2017 compared to 161 sold in 2018.  The number of days a home stayed on the market averaged 34 in 2017 and 36 in 2018.  There was a small increase in prices though this year.  The average home sold for $282,204 in 2017 but increased to an average of $305,889 in 2018.

The condo market in Brockton is small but growing steadily.  Twelve condos sold in 2017 during July and August while 25 sold in the same time period in 2018.  The days a condo remained on the market increased this year:  55 days in 2018 compared to 34 days in 2017.  Like the increase in price in single family homes, we see an increase in condo prices in 2018 with an average of $171,352 compared to last year's of $154,255.

Looking to buy or sell your home?  Contact Exit Realty All Stars in Braintree!

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