Is Braintree Town, 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 Town has remained a Seller's Market.
Housing Prices in Braintree Town, MA
How much do homes in Braintree Town, MA cost?
Median Sold Price
$648,750
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Braintree Town 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 | $463.7K | $479.5K | +3.4% |
3 Bedrooms | $600K | $650K | +8.3% |
4 Bedrooms | $770K | $778K | +1.0% |
5+ Bedrooms | $855K | $1.0M | +17.0% |
Summary: Braintree Town 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 3.4%, 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
Weymouth Town | $519.8K | $560K | +7.7% |
Braintree Town | $615K | $648.7K | +5.5% |
Braintree | $615K | $648.7K | +5.5% |
Weymouth | $550K | $575K | +4.5% |
Randolph | $507.5K | $517.7K | +2.0% |
Housing Supply in Braintree Town, MA
How many homes are available in Braintree Town, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 57 | +1.8% |
Summary: The Braintree Town 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 Town 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
Summary: A total of 22 homes were sold or pending in Braintree Town 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 Town, MA
How long does it take to sell a home in Braintree Town, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 38 Days | +26.0% |
Summary: Homes in Braintree Town 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
Summary: During March 2024, 22 homes were sold in Braintree Town; 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.