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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granby is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Granby was a Seller's Market.

Key Takeaway

Granby is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Granby, MA

How much do homes in Granby, MA cost?

Median Sold Price

$363,308

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,808(+18.1%)

Key Takeaway

Homes in Granby have sold for 18.1% more than they did a year ago.

Summary: The median home sold price in Granby was $363,308 in February 2024, up 18.1% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $202K-
N/A
2 $251.4K$251.4K
0.0%
3 $337.5K$363K
+7.6%
4 $413.5K$430K
+4.0%
5+ $212.5K$950K
+347.1%

Summary: Granby housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 347.1%.

Median Sold Price Compared To Nearby Cities

Granby
+18.1%
Belchertown
+8.9%
South Hadley
+7.7%
Chicopee
+5.6%
Amherst
+3.0%

Housing Supply in Granby, MA

How many homes are available in Granby, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1815-16.7%

Summary: The Granby real estate market had 15 homes for sale in February 2024, a 16.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1110
-9.1%
4 32
-33.3%
5+ 00
0.0%

Summary: The Granby housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granby, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Granby in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Granby, MA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
54 Days202 Days+270.6%

Summary: Homes in Granby had an average of 202 days on market in Feb 2024, up by 270.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Granby; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

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