Is Framingham, MA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Framingham is a seller's market


Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Framingham, MA

How much do homes in Framingham, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Framingham have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Framingham was $636,208 in May 2024, up 6.8% from last year, and the median price per square foot was $357.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $225K$240K
2 $389.9K$427.5K
3 $560K$615K
4 $710K$780K
5+ $735.5K$800K

Summary: Framingham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Framingham, MA

How many homes are available in Framingham, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Framingham real estate market had 154 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 74
2 2323
3 6571
4 3139
5+ 1317

Summary: The Framingham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Framingham, you could pay more than the asking price. 86% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in Framingham in May 2024, up by 22.0% month-over-month. Of the 50 sold homes, 10% were sold under asking, 4% were sold at asking, and 86% were sold over asking.

Days on Market for Framingham, MA

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

Average Sale Time

May 2023May 2024CHANGE
29 Days22 Days-22.4%

Summary: Homes in Framingham had an average of 22 days on market in May 2024, down by 22.4% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 50 homes were sold in Framingham; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in Framingham, MA

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