Market Report Framingham, Massachusetts
Single Family, Condominium, and Multifamily Homes Y e a r E n d 2 0 14
Framingham Statistics Single Family Homes Avg. Sale Price - Number of Bedrooms - 2014 Range 1-2 Bed $140,000 - $339,900 3 Bed $150,000 - $780,000 4 Bed $190,000 - $837,500 5 Bed $300,000 - $919,000 6+ Bed $422,000 - $875,000
Number of Listing Sold 26 310 211 17 5
Days on the Market 72 51 67 67 105
Average Sale Price $ 233,712 $ 328,896 $ 441,691 $ 486,262 $ 598,380
Historical Average Sale Price - Past 10 Years Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $424,579
% Change -3.823% -3.622% -11.028% -8.261% 0.313% -0.485% 5.626% 6.725% 3.307% $408,347
Number of Listing Sold 619 498 472 469 442 429 394 473 592 569
Days on the Market 60 98 104 118 106 93 98 94 62 59
$393,556
$350,153 $321,227 $322,233 $320,670
2005
2006
2007
2008
Source: MLSPIN, as of 01/15/2015
2009
2010
2011
$338,711
2012
Average Sale Price $ 424,579 $ 408,347 $ 393,556 $ 350,153 $ 321,227 $ 322,233 $ 320,670 $ 338,711 $ 361,490 $ 373,444
$361,490 $373,444
2013
2014
Market statistics
Total Sold - Framingham, MA Single Family Homes, 1/1/2014 - 12/31/2014
# of
Price Range $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
2 10 54 101 119 84 72 39 59 20 4 4 1
145 138 93 59 42 46 40 66 65 68 91 299 28
$143,300 $180,050 $227,539 $279,072 $321,748 $370,418 $419,812 $472,849 $538,455 $643,025 $738,750 $838,750 $919,000
$155,000 $194,440 $238,594 $285,260 $325,892 $374,090 $421,985 $479,646 $543,793 $658,838 $774,950 $913,700 $949,000
102 93 96 98 99 99 100 99 99 98 96 92 97
$165,000 $215,960 $240,945 $292,002 $331,139 $379,252 $427,925 $489,638 $554,046 $672,088 $803,725 $921,200 $949,000
98 85 1804 96 97 98 98 97 97 96 93 91 97
569
59
$373,444
$379,979
98
$386,892
259
Source: MLSPIN, as of 01/15/2015
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Framingham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2014 Range 1 Bed $45,100 - $184,900 2 Bed $90,000 - $325,000 3-4 Bed $113,000 - $420,000
Number of Listing Sold 42 56 17
Days on the Market 54 50 76
Average Sale Price $ 119,469 $ 162,536 $ 248,553
Historical Average Sale Price - Past 10 Years Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
% Change -7.953% -0.449% -39.565% -14.798% 25.566% -15.885% 10.745% 16.148% 12.106%
Number of Listing Sold 304 185 125 158 174 141 92 124 131 115
Days on the Market 47 86 113 138 141 111 88 100 56 55
Average Sale Price $ 221,983 $ 204,329 $ 203,411 $ 122,931 $ 104,740 $ 131,518 $ 110,627 $ 122,514 $ 142,297 $ 159,523
$221,983 $204,329 $203,411
$159,523 $131,518
$122,931
$110,627
$104,740
2005
2006
2007
2008
Source: MLSPIN, as of 01/15/2015
$142,297
2009
2010
2011
$122,514
2012
2013
2014
Market statistics
Total Sold - Framingham, MA Condominiums, 1/1/2014 - 12/31/2014
# of
Price Range $0 - $49,999 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999
Total Properties
Avg. Days Average on Listings Market Sale Price
Average
SP:LP
Average
SP:OP
List Price
Ratio
Orig Price
Ratio
4 11 45 25 20 4 3 0 3
122 23 57 52 72 31 39 0 34
$47,975 $82,273 $119,888 $164,866 $224,530 $265,500 $316,333 $0 $410,000
$50,959 $85,327 $123,596 $168,838 $231,450 $265,200 $318,233 $0 $399,967
94 97 97 98 97 100 99 0 103
$51,859 $85,873 $124,902 $170,872 $238,195 $271,175 $318,233 $0 $399,967
93 96 97 97 95 98 99 0 103
115
55
$159,523
$163,214
98
$165,632
96
Source: MLSPIN, as of 01/15/2015
SERVICE@DWELL360.Com | 617-299-1854
Framingham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2014 Range 2 Units $163,000 - $467,000 3 Units $170,000 - $403,000 4 Units $280,000 - $420,000 5+ Units $268,500 - $507,500
Number of Listing Sold 33 8 5 3
Days on the Market 52 59 38 72
Average Sale Price $ 310,967 $ 317,425 $ 367,000 $ 416,167
Historical Average Sale Price - Past 10 Years Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
% Change -2.870% -16.759% -27.359% -12.176% -0.815% 8.752% -3.170% 27.898% 7.801%
Number of Listing Sold 75 56 25 54 49 41 40 51 46 49
Days on the Market 76 88 155 137 111 85 128 103 85 53
Average Sale Price $ 436,435 $ 423,910 $ 352,866 $ 256,325 $ 225,114 $ 223,280 $ 242,822 $ 235,124 $ 300,720 $ 324,180
$436,435$423,910
$352,866 $300,720
$256,325
2005
2006
2007
2008
Source: MLSPIN, as of 01/15/2015
$225,114 $223,280
2009
2010
$324,180
$242,822 $235,124
2011
2012
2013
2014
Market statistics
Total Sold - Framingham, MA Multifamily Homes, 1/1/2014 - 12/31/2014
# of
Price Range $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999
Total Properties
Avg. Days Average on Listings Market Sale Price
Average
SP:LP
Average
SP:OP
List Price
Ratio
Orig Price
Ratio
2 1 13 18 9 3 2 1
43 4 67 48 37 8 180 33
$166,500 $209,900 $279,115 $320,294 $363,122 $411,000 $469,750 $507,500
$109,450 $209,900 $283,808 $313,633 $363,267 $413,267 $504,500 $525,000
219 100 99 102 101 99 93 97
$115,900 $209,900 $281,923 $324,372 $374,378 $413,267 $527,000 $499,900
215 100 100 100 98 99 89 102
49
53
$324,180
$322,590
105
$328,745
104
Source: MLSPIN, as of 01/15/2015
SERVICE@DWELL360.Com | 617-299-1854
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