Market Report Framingham, Massachusetts
Single Family, Condominium, and Multifamily Homes Y e a r E n d 2 0 15
Framingham Statistics Single Family Homes Avg. Sale Price - Number of Bedrooms - 2015 Number of Range Listing Sold 1-2 Bed $119,000 - $570,000 33 3 Bed $150,000 - $855,000 347 4 Bed $217,000 - $855,000 214 5 Bed $235,000 - $1,200,000 28 6+ Bed $526,000 - $550,000 3
Days on the Market 41 47 61 129 245
Average Sale Price $ 284,414 $ 352,748 $ 468,035 $ 550,214 $ 542,000
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $408,347
% Change -3.622% -11.028% -8.261% 0.313% -0.485% 5.626% 6.725% 3.307% 6.674%
Number of Listing Sold 498 472 469 442 429 394 473 592 569 625
$393,556
$350,153 $321,227 $322,233 $320,670
2006
Days on the Market 98 104 118 106 93 98 94 62 59 56
2007
2008
2009
2010
2011
$338,711
2012
Average Sale Price $ 408,347 $ 393,556 $ 350,153 $ 321,227 $ 322,233 $ 320,670 $ 338,711 $ 361,490 $ 373,444 $ 398,369
$361,490 $373,444
2013
2014
$398,369
2015
Source: MLSPIN, as of 01/21/2016
Cover Image: Damianos, Lynne . (June 8, 2004). Framingham Town Hall, Framingham [photo]. Retrieved from https://goo.gl/LWYycT.
Market statistics
Total Sold - Framingham, MA Single Family Homes, 1/1/2015 - 12/31/2015
# 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 $1,000,000 - $1,499,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
1 7 24 84 136 122 105 49 48 25 13 7 2 2
46 132 93 44 44 54 41 77 73 50 104 78 270 298
$119,000 $166,788 $231,992 $277,952 $326,460 $373,046 $423,078 $468,216 $541,975 $637,776 $739,231 $833,334 $900,000 $1,150,000
$129,900 $185,671 $235,950 $281,912 $328,884 $374,463 $423,318 $469,971 $550,235 $643,168 $747,685 $845,371 $974,700 $1,312,000
92 92 99 99 99 100 100 100 99 99 99 99 92 88
$139,900 $189,364 $241,804 $285,815 $333,719 $380,671 $427,028 $480,324 $560,112 $651,945 $755,377 $862,671 $1,069,750 $1,649,500
85 90 97 105 98 98 99 98 97 98 98 97 85 74
625
56
$398,369
$402,183
99
$409,536
99
Source: MLSPIN, as of 01/21/2016
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Framingham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2015
0-1 Bed 2 Bed 3-4 Bed
Range $44,500 - $549,900 $86,000 - $544,900 $177,000 - $569,900
Number of Listing Sold 45 78 26
Days on the Market 59 81 69
Average Sale Price $ 130,091 $ 241,121 $ 372,781
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -0.449% -39.565% -14.798% 25.566% -15.885% 10.745% 16.148% 12.106% 44.533%
Number of Listing Sold 185 125 158 174 141 92 124 131 115 149
Days on the Market 86 113 138 141 111 88 100 56 55 72
Average Sale Price $ 204,329 $ 203,411 $ 122,931 $ 104,740 $ 131,518 $ 110,627 $ 122,514 $ 142,297 $ 159,523 $ 230,563 $230,563
$204,329$203,411 $159,523 $131,518
$122,931
$110,627
$104,740
2006
2007
2008
$142,297
2009
Source: MLSPIN, as of 01/22/2016
2010
2011
$122,514
2012
2013
2014
2015
Market statistics
Total Sold - Framingham, MA Condominiums, 1/1/2015 - 12/31/2015
# 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 $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
1 17 31 30 29 12 1 3 7
14 135 40 54 94 71 38 70 75
$44,500 $77,203 $124,711 $170,190 $224,797 $277,142 $349,900 $399,900 $435,614
$54,900 $82,612 $131,381 $174,142 $228,148 $283,267 $349,900 $399,900 $435,614
81 94 95 98 99 98 100 100 100
$54,900 $84,941 $132,168 $176,957 $233,183 $285,683 $349,900 $399,900 $431,329
81 92 95 96 97 97 100 100 101
3 15
23 78
$482,617 $542,240
$475,250 $542,240
102 100
$475,250 $540,240
102 100
149
72
$230,563
$234,430
97
$236,198
96
Source: MLSPIN, as of 01/22/2016
SERVICE@DWELL360.Com | 617-299-1854
Framingham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2015 Number of Range Listing Sold 2 Units $183,000 - $450,000 28 3 Units $250,000 - $469,900 7 4 Units $330,000 - $462,500 7 5+ Units $375,000 - $1,035,000 6
Days on the Market 59 72 86 153
Average Sale Price $ 333,404 $ 366,914 $ 385,129 $ 589,167
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -16.759% -27.359% -12.176% -0.815% 8.752% -3.170% 27.898% 7.801% 16.541%
Number of Listing Sold 56 25 54 49 41 40 51 46 49 48
Days on the Market 88 155 137 111 85 128 103 85 53 77
Average Sale Price $ 423,910 $ 352,866 $ 256,325 $ 225,114 $ 223,280 $ 242,822 $ 235,124 $300,720 $ 324,180 $ 377,804
$423,910 $377,804
$352,866 $300,720 $256,325
$225,114 $223,280
2006
2007
2008
2009
Source: MLSPIN, as of 01/22/2016
2010
$324,180
$242,822 $235,124
2011
2012
2013
2014
2015
Market statistics
Total Sold - Framingham, MA Multifamily Homes, 1/1/2015 - 12/31/2015
# 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 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999
Total Properties
Avg. Days Average on Listings Market Sale Price
Average
SP:LP
Average
SP:OP
List Price
Ratio
Orig Price
Ratio
1 3 4 14 13 6 4 1 0 1 0 0 1
26 46 88 48 77 117 100 271 0 65 0 0 57
$183,000 $220,833 $272,250 $329,993 $376,369 $420,833 $463,350 $504,000 $0 $770,000 $0 $0 $1,035,000
$187,500 $245,633 $291,175 $347,007 $394,138 $419,117 $493,450 $549,900 $0 $873,950 $0 $0 $1,075,000
98 93 93 96 96 101 94 92 0 88 0 0 96
$197,500 $252,300 $308,700 $369,943 $422,738 $425,117 $549,675 $599,900 $0 $873,950 $0 $0 $1,175,000
93 91 88 92 91 100 85 84 0 88 0 0 88
48
77
$377,804
$397,049
96
$422,130
92
Source: MLSPIN, as of 01/22/2016
SERVICE@DWELL360.Com | 617-299-1854
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