Homes For Sale in Framingham Market Report
Framingham is showing some signs of coming back to earth, which should be welcome news for buyers. Don't confuse that with a buyers market, however, as the number of homes for sale in Framingham remains near lows in this cycle.
Can’t see the chart? You can find it Here .
Fundamentally, what we are seeing is a little more " rationality" from Home Buyers, as the seasonal swoon has them taking a deep breath and looking around a bit. Will it last? Well, only if the number of houses for sale in Framingham cracks 120, or the number of transactions falls significantly - even from here.
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If I'm a home seller, I'm still pushing prices especially this year - if I've got time, I can see what's the appetite for my home and then make a price change later. With so few houses, I should get plenty of traffic either way.
Framingham Recent Houses For Sale and Sold Market Statistics - Raw MLS Data
- Framingham‘s “Home Seller Index” (HSI): 168 Last Report: 212
- There are 78 homes listed as For Sale.
- There have been 275 houses sold in the last 6 months, and 166 homes sold in the last 3 months in Framingham.
- The Average number of Days on Market was 71 days for just SOLD homes.
- There is an Average Market Time of 89 days of the homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $193 (vs. $196 )
- There was an Average Sold Price of $353,522 for sold homes.
- Framingham ,MA has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
- Framingham has 3 properties advertised as a short-sale is going to be needed by lender.
*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).
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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.
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
