$9,380 Closing Credit*
$789,900
2,060 SqFt
3 Beds
•3 Full Baths, 1 Partial
#73307626, The Caceda Team, Listing Office: Coldwell Banker Realty - Lynnfield
Is Braintree, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$660,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$32,666(+5.2%)
Key Takeaway
Homes in Braintree have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Braintree was $660,000 in September 2024, up 5.2% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $360K | -12.2% |
| 2 Bedrooms | $450K | $490K | +8.9% |
| 3 Bedrooms | $620K | $665K | +7.3% |
| 4 Bedrooms | $750K | $810K | +8.0% |
| 5+ Bedrooms | $860K | $970K | +12.8% |
Summary: Braintree housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Randolph | $500K | $546K | +9.2% |
| Weymouth | $555K | $600K | +8.1% |
| Quincy | $618K | $660K | +6.8% |
| Braintree | $627.3K | $660K | +5.2% |
| Braintree Town | $627.3K | $660K | +5.2% |
Housing Supply in Braintree, MA
How many homes are available in Braintree, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 91 | 93 | +2.2% |
Summary: The Braintree real estate market had 93 homes for sale in September 2024, a 2.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Braintree housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braintree, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Braintree in September 2024, down by 7.4% month-over-month. Of the 25 sold homes, 40% were sold under asking, 8% were sold at asking, and 52% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 28 Days | +81.0% |
Summary: Homes in Braintree had an average of 28 days on market in Sep 2024, up by 81% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 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 September 2024, 25 homes were sold in Braintree; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
