Is Granby, 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, Granby has remained a Buyer'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
$350,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Granby have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Granby was $350,000 in June 2024, up 18.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | - | N/A |
| 2 Bedrooms | $250K | $289K | +15.6% |
| 3 Bedrooms | $335K | $417.5K | +24.6% |
| 4 Bedrooms | $379.2K | $410K | +8.1% |
| 5+ Bedrooms | $275K | $950K | +245.5% |
Summary: Granby housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 245.5%.
Median Sold Price Compared To Nearby Cities
| Granby | $295K | $350K | +18.6% |
| Belchertown | $389K | $426K | +9.5% |
| South Hadley | $330K | $357.5K | +8.3% |
| Chicopee | $272.6K | $283.2K | +3.9% |
| Amherst | $470K | $482K | +2.6% |
Housing Supply in Granby, MA
How many homes are available in Granby, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Granby real estate market had 25 homes for sale in June 2024, a 25.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Granby housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granby, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Granby in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 16 Days | -30.4% |
Summary: Homes in Granby had an average of 16 days on market in Jun 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
3 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 Granby are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Granby; 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.
