$10,000 Closing Credit*
$1,195,000
2,263 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73313185, The Shulkin Wilk Group, Listing Office: Compass
Is Framingham, 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, 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 October 2023
+$43,333(+7.1%)
Key Takeaway
Homes in Framingham have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Framingham was $650,000 in October 2024, up 7.1% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $265K | +17.8% |
| 2 Bedrooms | $401.5K | $419.7K | +4.5% |
| 3 Bedrooms | $582.5K | $625K | +7.3% |
| 4 Bedrooms | $750K | $787.5K | +5.0% |
| 5+ Bedrooms | $785K | $833K | +6.1% |
Summary: Framingham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Framingham, MA
How many homes are available in Framingham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 154 | +17.6% |
Summary: The Framingham real estate market had 154 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 53 | 63 | +18.9% |
| 4 Bedrooms | 41 | 43 | +4.9% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Framingham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Framingham, you could pay more than the asking price. 75.7% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Framingham in October 2024, down by 2.6% month-over-month. Of the 37 sold homes, 24% were sold under asking, 0% were sold at asking, and 76% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 24 Days | +53.9% |
Summary: Homes in Framingham had an average of 24 days on market in Oct 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
30 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 Framingham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in Framingham; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
