Is Braintree, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$656,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Braintree have sold for 5% more than they did a year ago.
Summary: The median home sold price in Braintree was $656,000 in May 2024, up 5% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $347.5K | -15.2% |
| 2 Bedrooms | $465K | $464.5K | -0.1% |
| 3 Bedrooms | $606K | $657K | +8.4% |
| 4 Bedrooms | $754.5K | $796.2K | +5.5% |
| 5+ Bedrooms | $865K | $940K | +8.7% |
Summary: Braintree housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Weymouth | $540.5K | $590K | +9.2% |
| Randolph | $500K | $526.6K | +5.3% |
| Braintree Town | $623.5K | $655.6K | +5.2% |
| Braintree | $625K | $656K | +5.0% |
| Quincy | $615K | $641.8K | +4.4% |
Housing Supply in Braintree, MA
How many homes are available in Braintree, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 79 | +12.9% |
Summary: The Braintree real estate market had 79 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Braintree housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braintree, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Braintree in May 2024, down by 16.7% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 18 Days | -7.8% |
Summary: Homes in Braintree had an average of 18 days on market in May 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
19 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 Braintree are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Braintree; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
