$4,749 Closing Credit*
$399,900
980 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73320319, Andreia Bianchi, Listing Office: Mega Realty Services
Is Framingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Framingham has remained a Seller's Market.
Key Takeaway
Framingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Framingham, MA
How much do homes in Framingham, MA cost?
Median Sold Price
$650,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+5.3%)
Key Takeaway
Homes in Framingham have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Framingham was $650,000 in November 2024, up 5.3% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $267.5K | +18.9% |
| 2 Bedrooms | $410K | $415.8K | +1.4% |
| 3 Bedrooms | $597K | $629K | +5.4% |
| 4 Bedrooms | $745K | $786.2K | +5.5% |
| 5+ Bedrooms | $797.5K | $822.5K | +3.1% |
Summary: Framingham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Framingham, MA
How many homes are available in Framingham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 157 | 131 | -16.6% |
Summary: The Framingham real estate market had 131 homes for sale in November 2024, a 16.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 64 | 56 | -12.5% |
| 4 Bedrooms | 46 | 34 | -26.1% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Framingham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Framingham, you could pay more than the asking price. 49% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Framingham in November 2024, up by 19.5% month-over-month. Of the 49 sold homes, 41% were sold under asking, 10% were sold at asking, and 49% were sold over asking.
Days on Market for Framingham, MA
How long does it take to sell a home in Framingham, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +58.0% |
Summary: Homes in Framingham had an average of 26 days on market in Nov 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Framingham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Framingham; 71% 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.
