The Framingham Homes For Sale Market Report

Prices have leveled off - for the moment in Framingham.  But is this a new trend for 2016 or merely a seasonal respite?  December data is notoriously tricky to analyze, but that is what we are here for, so we will check.  First look at the price trends, especially what the sellers are ASKING.

Can’t see the chart? You can find it Here .

Note that the sellers are asking quite a bit more than they were, on average.  They remain optimistic that the market will come up to meet them.  They are not far away from buyers purchase points, so they may yet succeed.  A lot will depend on how soon the inventory starts to come on in 2016.

What should active home buyers do in Framingham ?

Home buyers should continue to think about the prices in Framingham.  Yes, they are much cheaper than Natick, but that doesn't mean they are a good deal.  There are a lot of surrounding towns, that perhaps don't have as good a location as Framingham, but might offer more value for your dollar at this point, because they have not gone up as much.  As you can see in the chart, Framingham prices have moved quickly and substantially - almost 25% in less than two years - and I'm just not sure how much more is in the tank for Framingham until the other towns catch up.

 

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Framingham ?

Home sellers in Framingham can rejoice, as prices continue to make new levels.  This chart below, which shows a more complete picture of the market, shows that inventory levels continue to trend near the lower points of the spectrum, and transactions keep climbing.  I think prices will continue to move higher next year, although more modestly than the last two. Home sellers should have no problem moving all but the most troubled homes.

 

 

Framingham Houses For Sale and Sold Market Statistics - MLS Data

 

  • The Framingham “Home Seller Index” (HSI): 262 Last Report: 238
  • There are 93 homes listed as For Sale.
  • There have been 498 houses sold in the last 6 months, and 252 homes sold in the last 3 months in Framingham.
  • The Average number of Days on Market was 31 days for just SOLD homes.
  • There is an Average Market Time of 101 days of the Framingham homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged 216 (vs. 216 in the last report)
  • Current sellers are looking for $230 /sq foot
  • There was an Average Sold Price of $404,889 for sold homes.
  • Framingham , MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 3 properties advertised as a short-sale is going to be needed by the lender.

 

 

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends.

*That means you won’t find it anywhere else. Take that, Case-Schilling!.

 

Don’t Go Just Yet! More Information for you…

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.