$4,974 Closing Credit*
$418,900
1,088 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73314924, Kenneth Maston, Listing Office: Parkhill Realty Group
Is Braintree, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+4.6%)
Key Takeaway
Homes in Braintree have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Braintree was $660,000 in October 2024, up 4.6% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $360K | -12.2% |
| 2 Bedrooms | $460K | $460K | 0.0% |
| 3 Bedrooms | $629K | $664.5K | +5.6% |
| 4 Bedrooms | $750K | $810K | +8.0% |
| 5+ Bedrooms | $862.5K | $901.5K | +4.5% |
Summary: Braintree housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Weymouth | $541K | $600K | +10.9% |
| Randolph | $500K | $547.9K | +9.6% |
| Quincy | $617.8K | $664.1K | +7.5% |
| Braintree Town | $630K | $660K | +4.8% |
| Braintree | $631K | $660K | +4.6% |
Housing Supply in Braintree, MA
How many homes are available in Braintree, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 89 | -3.3% |
Summary: The Braintree real estate market had 89 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 19 | -24.0% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Braintree housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braintree, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Braintree in October 2024, up by 28.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +25.9% |
Summary: Homes in Braintree had an average of 28 days on market in Oct 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 32 homes were sold in Braintree; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
