The Framingham Homes For Sale Market Report

OK, I am officially dumbfounded. When I started doing these reports, I thought, maybe, when the market heats up, I'll see HSI numbers above 100. Maybe 110, 120. You have to remember, most of the numbers were in the 70's. Seemed like pretty rarefied air. Natick heated up though, Hopkinton too, and I realized that I would see numbers at 130.

And then MLS changed the active status flag, so now Framingham looks like this:

 

 

 

Note: The chart above updates automatically with each new post, so make sure the comments you are reading line up with the time the post was published.

 

That red line? That's the HSI. It's at 189. One hundred and eighty-nine. If you are thinking of selling in Framingham, well, you should. You'll probably get way more than you should. The market in Framingham is fully irrational at this point.

 

 

I mean, the $/sq foot jumped 11 dollars in just one report cycle, and Framingham is not a small town where the data sets jump erratically. This is a huge, fundamental change.

Can't wait to see Natick. Not sure I'll ever see 189 again though, that's just insane.

 

So what should a buyer do? Well, if you can find anything that isn't a wreck, pay the freight. You don't have a choice. If you want a house in Framingham, forget about negotiating. If you want to get a good deal, look somewhere else (like Northborough!).

 

Framingham Houses For Sale and Sold Market Statistics - Raw MLS Data

 

• There are 98 homes listed as For Sale in Framingham.
• There have been 394 houses sold in the last 6 months, and 307 homes sold in the last 3 months.

  Home Sellers are celebrating in Framingham MA, as anything can be sold in this market!

• The Average number of Days on Market was 68 days for just SOLD homes.
• There is an Average Market Time of 99 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $185 (vs. $174 )
• There was an Average Sold Price of $335,586 for sold homes.
• Framingham, MA, has 1 properties advertised as lender owned/foreclosure (typically foreclosure) .
• Framingham has x properties advertised as a short-sale is going to be needed by lender .
• Framingham “Home Seller Index” (HSI):189 Last Report: 129

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

Do Good Things Today! Matt Heisler

*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.