Is Grafton Hill, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Grafton Hill has remained a Seller's Market.
Key Takeaway
Grafton Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grafton Hill, MA
How much do homes in Grafton Hill, MA cost?
Median Sold Price
$405,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grafton Hill have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Grafton Hill was $405,000 in April 2024, up 5.2% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $275K | $312.5K | +13.6% |
| 3 Bedrooms | $405K | $417.5K | +3.1% |
| 4 Bedrooms | $372.5K | $425K | +14.1% |
| 5+ Bedrooms | $550K | $640K | +16.4% |
Summary: Grafton Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Hamilton | $367.5K | $465K | +26.5% |
| East Worcester | $385.6K | $425K | +10.2% |
| Grafton Hill | $385K | $405K | +5.2% |
Housing Supply in Grafton Hill, MA
How many homes are available in Grafton Hill, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 27 | +107.7% |
Summary: The Grafton Hill real estate market had 27 homes for sale in April 2024, a 107.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 4 | 13 | +225.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Grafton Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 225%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grafton Hill, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Grafton Hill in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Grafton Hill, MA
How long does it take to sell a home in Grafton Hill, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +22.1% |
Summary: Homes in Grafton Hill had an average of 11 days on market in Apr 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grafton Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Grafton Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
