The New Brighton real estate market in December 2024 showed consistent activity, reflecting the area’s popularity among buyers. The benchmark residential price reached $547,500, marking a 5.3% year-over-year increase. Inventory remained tight, with only 4 new listings and 12 sales, resulting in a competitive market characterized by 0.83 months of supply.
Sales Breakdown
Detached Homes: Average price of $669,600, showing a solid year-over-year appreciation.
Semi-Detached Homes: Benchmark price at $579,600.
Row/Townhouses: Average price of $447,200, reflecting growing demand.
Apartments: Average price at $351,100, providing an affordable entry point into the market.
Community Features
New Brighton is a family-friendly community offering a vibrant lifestyle with numerous amenities. The community features the New Brighton Club, a recreational facility with tennis courts, a splash park, skating rinks, and playgrounds, ideal for families and active lifestyles.
Shopping and Schools
The area is well-served by nearby shopping centers such as McKenzie Towne High Street and South Trail Crossing, offering a mix of grocery stores, restaurants, and retail shops. For families, New Brighton provides access to excellent schools, including St. Marguerite School and Dr. Martha Cohen School, known for their quality educational programs and extracurricular activities.
Market Outlook
With rising property values and a strong community appeal, New Brighton continues to attract homebuyers looking for a balanced suburban lifestyle. Limited inventory will likely sustain the competitive market.
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