Is Braintree, 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, Braintree has remained a Seller's Market.
Key Takeaway
Braintree is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braintree, MA
How much do homes in Braintree, MA cost?
Median Sold Price
$650,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Braintree have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Braintree was $650,000 in April 2024, up 4.8% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $410K | +20.6% |
| 2 Bedrooms | $458.7K | $469K | +2.2% |
| 3 Bedrooms | $600K | $655.5K | +9.3% |
| 4 Bedrooms | $766K | $780K | +1.8% |
| 5+ Bedrooms | $860K | $950K | +10.5% |
Summary: Braintree housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Braintree Town | $618.3K | $650K | +5.1% |
| Braintree | $620K | $650K | +4.8% |
| Weymouth | $550K | $575K | +4.5% |
| Quincy | $617.5K | $640K | +3.6% |
| Randolph | $510K | $520K | +2.0% |
Housing Supply in Braintree, MA
How many homes are available in Braintree, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 65 | +6.6% |
Summary: The Braintree real estate market had 65 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Braintree 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 16.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braintree, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Braintree in April 2024, down by 4.2% month-over-month. Of the 23 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for Braintree, MA
How long does it take to sell a home in Braintree, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 21 Days | -12.4% |
Summary: Homes in Braintree had an average of 21 days on market in Apr 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Braintree are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Braintree; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
