Homes For Sale in Grafton Market Report
Grafton actually looks like there's been some softening according to the HSI, but it's not because the market is getting that much softer. Grafton has what so many towns are lacking - inventory. Specifically new construction. There's lots of it being advertised and sold. In fact, about 30% of the actives are new construction, and they likely represent far more available houses for sale. This will keep a lid on prices in Grafton - probably - as the builders initially try to build up there numbers under contract.
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New Construction muddles the data in Grafton, but things are still very positive for home sellers. |
Can’t see the chart? You can find it Here .
Once that process is in place though, we'll see prices move a bit, but not as much as they might have, as the supply keeps prices from running away. But in prices ranges where there is no new construction competition, the market is very, very tight. So sellers will be pleased with traffic and prices in those ranges.
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Also to note is a surprising uptick in foreclosures and short-sales - which we have seen sporadically throughout the area. It's noticeable here though.
If you're thinking about buying new construction, please remember the builders are very smart - and what a house might cost you is not always obvious from the listing. If you'd like more information about the do's and don'ts of new construction, please contact me.
Grafton Houses For Sale and Sold Market Statistics - Raw MLS Data
- Grafton ‘s “Home Seller Index” (HSI): 105 Last Report: 109
- There are 77 homes listed as For Sale in Grafton.
- There have been 139 houses sold in the last 6 months, and 72 homes sold in the last 3 months.
- The Average number of Days on Market was 86 days for just SOLD homes.
- There is an Average Market Time of 302 days of the homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $174 (vs. $178 )
- There was an Average Sold Price of $400,163 for sold homes.
- Grafton ,MA, has 2 properties advertised as lender owned/foreclosure (typically foreclosure) .
- Grafton has 5 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.
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.
