Is Framingham, 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, Framingham has remained a Seller's Market.
Housing Prices in Framingham, MA
How much do homes in Framingham, MA cost?
Median Sold Price
$632,066
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Framingham was $632,066 in March 2024, up 6% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $244.8K | $235K | -4.0% |
2 Bedrooms | $390K | $450K | +15.4% |
3 Bedrooms | $567.6K | $600K | +5.7% |
4 Bedrooms | $715K | $750K | +4.9% |
5+ Bedrooms | $765K | $800K | +4.6% |
Summary: Framingham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Framingham, MA
How many homes are available in Framingham, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 99 | +11.2% |
Summary: The Framingham real estate market had 99 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 38 | 42 | +10.5% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Framingham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Framingham in March 2024, up by 4.0% month-over-month. Of the 26 sold homes, 23% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 25 Days | -45.5% |
Summary: Homes in Framingham had an average of 25 days on market in Mar 2024, down by 45.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Framingham; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.