Braintree Real Estate Market - 2022 Retrospective
What happened in the Braintree real estate market in 2022? Are you hearing about the “shifting real estate market” in the national news and wondering if the Braintree Market is shifting?
Taking a look back at 2022 shows the market was very strong throughout the year - most properties listed sold quickly and sold for an excellent price. Let’s take a look*.
Braintree Single Family Home Sales - 2022
Braintree, MA - Average Sales Prices - Single Family Homes
Average sales price $699,605
Sales prices have increased 32% since 2018
Prices increased by 7% over 2021 home sales
In 2022 fewer homes were available homes to purchase:
285 homes listed and 254 homes sold.
For comparison in 2021: 349 homes were listed and 305 sold.
| Braintree Single Family Homes | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Average Sale Price | $528,095 | $547,306 | $577,971 | $651,144 | $699,605 |
| Change from previous year | 104% | 106% | 113% | 107% | |
| Net change since 2018 | 104% | 109% | 123% | 132% | |
| Homes sold | 301 | 285 | 308 | 304 | 254 |
| Average Days on Market | 37 | 41 | 29 | 25 | 24 |
Braintree Condominium Sales - 2022
Average sales price $455,003
Sales prices have increased 18% since 2018.
Prices increased of 4% from 2021
Number of available condominiums to purchase down for the year as well
91 units listed and 86 units sold
In 2021: 154 listed and 145 sold
| Braintree Condominiums | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Average Sale Price | $385,433 | $393,968 | $411,062 | $438,008 | $455,003 |
| Change from previous year | 102% | 104% | 107% | 104% | |
| Net change since 2018 | 102% | 107% | 114% | 118% | |
| Condos sold | 125 | 125 | 118 | 144 | 86 |
| Average Days on Market | 37 | 42 | 49 | 36 | 25 |
Too few properties keeps sales prices strong
The charts below look back at the number of properties in the market over the last 5 years. 2022 had the fewest number of single family homes and condominium units listed. And most of the properties that were listed for sale sold without the sellers changing the asking price before sale.
Looking ahead, 2023 is starting with a few more choices than this time last year, however there are still limited choices for buyers. As of January 5, 2023 the Braintree market shows:
| Jan 5, 2022 | Jan 5, 2023 | |
|---|---|---|
| Single Family Homes | 10 | 17 |
| Condominiums | 3 | 4 |
If you are ready to buy a Braintree property, now is a great time! If you are thinking of selling, your home may have a bit more competition than last year but it is still a strong seller’s market.
Yes, you can buy. Yes, you can sell. Yes, I can help.
* all data from mlspin.com as of Jan 5, 2023
Sunset Lake - by Christine McLellan © 2022
