Is Framingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Framingham has remained a Seller's Market.
Key Takeaway
Framingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Framingham, MA
How much do homes in Framingham, MA cost?
Median Sold Price
$635,604
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Framingham have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Framingham was $635,604 in April 2024, up 6.6% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.4K | $237.5K | -2.0% |
| 2 Bedrooms | $389K | $427.5K | +9.9% |
| 3 Bedrooms | $565K | $610K | +8.0% |
| 4 Bedrooms | $713.5K | $750K | +5.1% |
| 5+ Bedrooms | $741.2K | $840K | +13.3% |
Summary: Framingham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Framingham, MA
How many homes are available in Framingham, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 127 | +14.4% |
Summary: The Framingham real estate market had 127 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 48 | 58 | +20.8% |
| 4 Bedrooms | 23 | 32 | +39.1% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Framingham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 40 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Framingham, you could pay more than the asking price. 82.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Framingham in April 2024, up by 33.3% month-over-month. Of the 40 sold homes, 10% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for Framingham, MA
How long does it take to sell a home in Framingham, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 11 Days | -59.7% |
Summary: Homes in Framingham had an average of 11 days on market in Apr 2024, down by 59.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Framingham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in Framingham; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
