Is Framingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$650,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Framingham have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Framingham was $650,000 in June 2024, up 9.8% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $240K | +3.2% |
| 2 Bedrooms | $392.5K | $425K | +8.3% |
| 3 Bedrooms | $560K | $616.5K | +10.1% |
| 4 Bedrooms | $715K | $785K | +9.8% |
| 5+ Bedrooms | $735K | $850K | +15.6% |
Summary: Framingham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in Framingham, MA
How many homes are available in Framingham, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 163 | 178 | +9.2% |
Summary: The Framingham real estate market had 178 homes for sale in June 2024, a 9.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 75 | 79 | +5.3% |
| 4 Bedrooms | 44 | 57 | +29.5% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Framingham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Framingham, you could pay more than the asking price. 76.8% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Framingham in June 2024, up by 1.8% month-over-month. Of the 56 sold homes, 16% were sold under asking, 7% were sold at asking, and 77% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | +1.6% |
Summary: Homes in Framingham had an average of 17 days on market in Jun 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Framingham are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 56 homes were sold in Framingham; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
