Newton & Brookline Market Reports
August 2016
Newton and Brookline have been football rivals for many years. Looking at the housing market both locations have similar qualities, making them desirable communities for homeowners. Newton and Brookline both have highly rated school systems, low unemployment rates, and are in close proximity to Boston Proper. Both neighborhoods have attractive homes on tree lined streets and feature village centers with many local shops and restaurants. Demographics are quite similar with the Income Per Capita landing at $64,475 for Newton and $62,148 for Brookline. Bottom line is that both Newton and Brookline have a strong housing market with appreciating home values.
ALL THINGS NOT BEING EQUAL
Type of Homes–Newton has more single family homes and Brookline more condominiums. As of August 2016, Newton has 399 single family homes, with a median price of $1,129,500 and 246 condominiums with a median price of $699,000. Conversely Brookline has 116 single family homes sold with a median price of $1,720,000 and 355 condos with a median price of $770,000.
These number all represent annual sales January to August 2016.
Population and Density–The City of Newton has a population numbering 86.9K and the population density per square mile is 4.87K. While the Town of Brookline is smaller population of 59K and the population density per sq. mile is 8.74K.
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