It’s that time of year again: temperatures rise slowly but surely, you start opening your windows to let in a cool draft, your scarves return to the back of the closet, and there’s just
Brockton Real Estate Update
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 the 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 September and October 2018, home sales stayed about the same from the previous year: 165 single family homes sold in 2017 compared to 169 sold in 2018. The number of days a home stayed on the market averaged 41 in 2017 and 43 in 2018. There was an increase in prices though this year. The average home sold for $277,534 in 2017 but increased to an average of $302,827 in 2018.
The condo market in Brockton saw a slight decline this year from last year. Twenty-nine condos sold in 2017 during September and October while 26 sold in the same time period in 2018. The days a condo remained on the market increased this year: 41 days in 2018 compared to 29 days in 2017. Like the increase in price in single family homes, we see a slight increase in condo prices in 2018 with an average of $160,496 compared to last year's of $155,306.
Looking to buy or sell your home? Contact EXIT Realty All Stars with offices in Braintree and Brockton!
Jose E Perez is the broker and owner of EXIT Realty All Stars located in Braintree, and Brockton MA, helping both buyers and sellers with all of their real estate needs. He previously worked for Centu....