Is South Grafton, 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, South Grafton has remained a Seller's Market.
Key Takeaway
South Grafton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Grafton, MA
How much do homes in South Grafton, MA cost?
Median Sold Price
$569,900
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Grafton have sold for 20% more than they did a year ago.
Summary: The median home sold price in South Grafton was $569,900 in May 2024, up 20% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $220K | -6.4% |
| 2 Bedrooms | $420K | $454.5K | +8.2% |
| 3 Bedrooms | $475K | $564K | +18.8% |
| 4 Bedrooms | $695K | $817.5K | +17.6% |
| 5+ Bedrooms | $536.7K | $677.5K | +26.2% |
Summary: South Grafton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| South Grafton | $475K | $569.9K | +20.0% |
| Grafton | $481.7K | $569.9K | +18.3% |
| Sutton | $550K | $580K | +5.5% |
| Upton | $652.7K | $652K | -0.1% |
| Northbridge | $493.7K | $482.5K | -2.3% |
Housing Supply in South Grafton, MA
How many homes are available in South Grafton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The South Grafton real estate market had 11 homes for sale in May 2024, a 26.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Grafton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Grafton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South Grafton in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for South Grafton, MA
How long does it take to sell a home in South Grafton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +52.3% |
Summary: Homes in South Grafton had an average of 24 days on market in May 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Grafton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in South Grafton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
