Is Granby, 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, Granby has remained a Seller's Market.
Key Takeaway
Granby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granby, MA
How much do homes in Granby, MA cost?
Median Sold Price
$360,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Granby have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Granby was $360,000 in March 2024, up 16.1% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | - | N/A |
| 2 Bedrooms | $251.4K | $259.9K | +3.4% |
| 3 Bedrooms | $342.5K | $350K | +2.2% |
| 4 Bedrooms | $392.2K | $420K | +7.1% |
| 5+ Bedrooms | $212.5K | $950K | +347.1% |
Summary: Granby 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 3.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 347.1%.
Median Sold Price Compared To Nearby Cities
| Granby | $310K | $360K | +16.1% |
| Belchertown | $380K | $411K | +8.2% |
| South Hadley | $324.9K | $350K | +7.7% |
| Chicopee | $269.9K | $283K | +4.8% |
| Amherst | $472.5K | $467.2K | -1.1% |
Housing Supply in Granby, MA
How many homes are available in Granby, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Granby real estate market had 15 homes for sale in March 2024, a 6.3% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Granby 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Granby in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 29 Days | +365.8% |
Summary: Homes in Granby had an average of 29 days on market in Mar 2024, up by 365.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 March 2024, 4 homes were sold in Granby; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
