Is Granby, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granby is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Granby was a Buyer's Market.

Key Takeaway

Granby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Granby, MA

How much do homes in Granby, MA cost?

Median Sold Price

$350,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+11.1%)

Key Takeaway

Homes in Granby have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Granby was $350,000 in October 2024, up 11.1% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$119.7K
N/A
2 $246.5K$270K
+9.5%
3 $325K$375K
+15.4%
4 $398.3K$410K
+2.9%
5+ $612.5K-
N/A

Summary: Granby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Hadley
+13.4%
Granby
+11.1%
Belchertown
+11.1%
Chicopee
+8.8%
Amherst
+7.5%

Housing Supply in Granby, MA

How many homes are available in Granby, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1722+29.4%

Summary: The Granby real estate market had 22 homes for sale in October 2024, a 29.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 109
-10.0%
4 35
+66.7%
5+ 12
+100.0%

Summary: The Granby 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 increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granby, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Granby in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Granby, MA

How long does it take to sell a home in Granby, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days40 Days+103.0%

Summary: Homes in Granby had an average of 40 days on market in Oct 2024, up by 103% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Granby are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Granby; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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