Is Grafton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Grafton was a Neutral Market.
Key Takeaway
Grafton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grafton, MA
How much do homes in Grafton, MA cost?
Median Sold Price
$569,933
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grafton have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Grafton was $569,933 in May 2024, up 18.3% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $220K | +0.9% |
| 2 Bedrooms | $372K | $420K | +12.9% |
| 3 Bedrooms | $450K | $518.7K | +15.3% |
| 4 Bedrooms | $670K | $840K | +25.4% |
| 5+ Bedrooms | $685K | $889K | +29.8% |
Summary: Grafton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
| North Grafton | $450K | $542.5K | +20.6% |
| South Grafton | $475K | $569.9K | +20.0% |
| Grafton | $481.7K | $569.9K | +18.3% |
| Shrewsbury | $550K | $610.8K | +11.1% |
| Sutton | $550K | $580K | +5.5% |
Housing Supply in Grafton, MA
How many homes are available in Grafton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The Grafton real estate market had 66 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 10 | -47.4% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Grafton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 47.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grafton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Grafton in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 21% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Grafton, MA
How long does it take to sell a home in Grafton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -11.5% |
Summary: Homes in Grafton had an average of 24 days on market in May 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grafton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Grafton; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
