Is Braintree, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Braintree has remained a Seller's Market.
Key Takeaway
Braintree is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braintree, MA
How much do homes in Braintree, MA cost?
Median Sold Price
$648,750
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Braintree have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Braintree was $648,750 in March 2024, up 5.5% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $419K | +19.7% |
| 2 Bedrooms | $462.5K | $479.5K | +3.7% |
| 3 Bedrooms | $600K | $650K | +8.3% |
| 4 Bedrooms | $770K | $778K | +1.0% |
| 5+ Bedrooms | $855K | $1.0M | +17.0% |
Summary: Braintree housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Braintree | $615K | $648.7K | +5.5% |
| Braintree Town | $615K | $648.7K | +5.5% |
| Quincy | $615K | $644.4K | +4.8% |
| Weymouth | $550K | $575K | +4.5% |
| Randolph | $507.5K | $517.7K | +2.0% |
Housing Supply in Braintree, MA
How many homes are available in Braintree, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Braintree real estate market had 57 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Braintree housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braintree, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Braintree in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 36% were sold under asking, 5% were sold at asking, and 59% were sold over asking.
Days on Market for Braintree, MA
How long does it take to sell a home in Braintree, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +26.0% |
Summary: Homes in Braintree had an average of 38 days on market in Mar 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Braintree are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Braintree; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
