Is Wrentham, 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, Wrentham has remained a Seller's Market.
Key Takeaway
Wrentham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wrentham, MA
How much do homes in Wrentham, MA cost?
Median Sold Price
$689,950
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wrentham have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Wrentham was $689,950 in May 2024, up 10.4% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $280K | +64.7% |
| 2 Bedrooms | $395.5K | $428.7K | +8.4% |
| 3 Bedrooms | $540K | $610K | +13.0% |
| 4 Bedrooms | $810K | $835K | +3.1% |
| 5+ Bedrooms | $850K | $1.3M | +58.8% |
Summary: Wrentham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 58.8%.
Median Sold Price Compared To Nearby Cities
| Foxboro | $600K | $667.5K | +11.3% |
| Wrentham | $625K | $689.9K | +10.4% |
| Franklin | $582.3K | $640K | +9.9% |
| Franklin Town | $582.3K | $640K | +9.9% |
| Plainville | $522K | $500K | -4.2% |
Housing Supply in Wrentham, MA
How many homes are available in Wrentham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Wrentham real estate market had 48 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wrentham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wrentham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wrentham in May 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Wrentham, MA
How long does it take to sell a home in Wrentham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 58 Days | +49.6% |
Summary: Homes in Wrentham had an average of 58 days on market in May 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wrentham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Wrentham; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
