Is Granville, 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, Granville has remained a Seller's Market.
Key Takeaway
Granville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granville, MA
How much do homes in Granville, MA cost?
Median Sold Price
$385,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Granville have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Granville was $385,000 in May 2024, up 6.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | $385K | -25.2% |
| 3 Bedrooms | $375K | $380K | +1.3% |
| 4 Bedrooms | $225K | $450K | +100.0% |
| 5+ Bedrooms | $443.5K | $507.5K | +14.4% |
Summary: Granville 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 decreased by 25.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Westfield | $308.5K | $350K | +13.5% |
| Granville | $360K | $385K | +6.9% |
Housing Supply in Granville, MA
How many homes are available in Granville, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Granville real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Granville 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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Granville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Granville in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Granville, MA
How long does it take to sell a home in Granville, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 171 Days | +419.7% |
Summary: Homes in Granville had an average of 171 days on market in May 2024, up by 419.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Granville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Granville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
