Is Grafton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Grafton was a Seller's Market.
Key Takeaway
Grafton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Grafton, MA
How much do homes in Grafton, MA cost?
Median Sold Price
$580,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grafton have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Grafton was $580,000 in March 2024, up 19.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | - | N/A |
| 2 Bedrooms | $352.2K | $403.5K | +14.5% |
| 3 Bedrooms | $450K | $520K | +15.6% |
| 4 Bedrooms | $678K | $825K | +21.7% |
| 5+ Bedrooms | $699K | $851.1K | +21.8% |
Summary: Grafton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| South Grafton | $471K | $569.9K | +21.0% |
| Grafton | $484.8K | $580K | +19.6% |
| Shrewsbury | $550K | $590K | +7.3% |
| Sutton | $550K | $586K | +6.5% |
Housing Supply in Grafton, MA
How many homes are available in Grafton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Summary: The Grafton real estate market had 48 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 16 | +166.7% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Grafton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 166.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grafton, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Grafton in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Grafton, MA
How long does it take to sell a home in Grafton, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +21.6% |
Summary: Homes in Grafton had an average of 33 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Grafton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Grafton; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
