Is Granby, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Granby has remained a Buyer's Market.
Housing Prices in Granby, MA
How much do homes in Granby, MA cost?
Median Sold Price
$355,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Granby was $355,000 in May 2024, up 20.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | - | N/A |
2 Bedrooms | $250K | $277K | +10.8% |
3 Bedrooms | $335K | $485K | +44.8% |
4 Bedrooms | $379.2K | $420K | +10.7% |
5+ Bedrooms | $212.5K | $950K | +347.1% |
Summary: Granby housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 347.1%.
Median Sold Price Compared To Nearby Cities
Granby | $295K | $355K | +20.3% |
Belchertown | $379.9K | $426.5K | +12.3% |
South Hadley | $330K | $353K | +7.0% |
Chicopee | $271.4K | $283.2K | +4.4% |
Amherst | $470K | $469.5K | -0.1% |
Housing Supply in Granby, MA
How many homes are available in Granby, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Summary: The Granby real estate market had 20 homes for sale in May 2024, a 42.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Granby housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Granby in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Granby, MA
How long does it take to sell a home in Granby, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 29 Days | +346.2% |
Summary: Homes in Granby had an average of 29 days on market in May 2024, up by 346.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Granby; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.