Is Braintree Town, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braintree Town is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Braintree Town has remained a Seller's Market.

Key Takeaway

Braintree Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Braintree Town, MA

How much do homes in Braintree Town, MA cost?

Median Sold Price

$658,500

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$33,500(+5.4%)

Key Takeaway

Homes in Braintree Town have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Braintree Town was $658,500 in June 2024, up 5.4% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $380K$360K
-5.3%
2 $465K$460K
-1.1%
3 $607.5K$665K
+9.5%
4 $750K$800K
+6.7%
5+ $850K$940K
+10.6%

Summary: Braintree Town housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Weymouth Town
+11.1%
Weymouth
+9.6%
Randolph
+9.4%
Braintree Town
+5.4%
Braintree
+5.4%

Housing Supply in Braintree Town, MA

How many homes are available in Braintree Town, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
88105+19.3%

Summary: The Braintree Town real estate market had 105 homes for sale in June 2024, a 19.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 43
-25.0%
2 2025
+25.0%
3 3442
+23.5%
4 2426
+8.3%
5+ 69
+50.0%

Summary: The Braintree Town housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braintree Town, you could pay more than the asking price. 72% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Braintree Town in June 2024, up by 13.6% month-over-month. Of the 25 sold homes, 24% were sold under asking, 4% were sold at asking, and 72% were sold over asking.

Days on Market for Braintree Town, MA

How long does it take to sell a home in Braintree Town, MA?

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days18 Days+2.9%

Summary: Homes in Braintree Town had an average of 18 days on market in Jun 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Braintree Town are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 25 homes were sold in Braintree Town; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Braintree Town, MA

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