Real Estate Market Update for Framingham, MA
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 33% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 8%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 310-thousand dollars. The number of units sold decreased 38% year-over-year, and decreased 4% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Framingham, MA
Area Information for Framingham, MA
  • Population: 69,682
  • Median Age: 37.47 yr
  • Median Commute Time: 23.05 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 2,783/sq mi
  • Population Change Since 2000: 4.08%
  • Closest Airport: Laurence G Hanscom Field
  • Closest College: Framingham State University
  • Closest Jr. College: Ma Bay Community College-wellesley Hills
  • Median Household Income: $67,430
  • Annual Residential Turnover: 17.83%
  • Median Years in Residence: 4.39 yr
  • Median Home Sales Price: $263,500
  • Closest Major Sports Team: Patriots
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Framingham, MA
Median Age: 37.47 Married: 34% Number of Households: 26,628 Households with Children: 8,300
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Framingham, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Bridget School 0.3 mi Private PRESCHOOL-8 0 5
      The Learning Center For The Deaf 0.4 mi Private PRESCHOOL-12 0 5
      The Learning Center For Deaf Children 0.4 mi Private PRESCHOOL-12 0 0
      Summit Montessori School 0.7 mi Private PRESCHOOL-6 0 5
      Over The Rainbow Nursery School 0.8 mi Private PRESCHOOL-K 0 0
      Wayside Academy 0.9 mi Private 6-12 0 0
      Metro West Jewish Day School 0.9 mi Private K-6 0 0
      Happy Hollow School 1.0 mi Private PRESCHOOL-K 0 0
      Fuller Middle School 1.2 mi Public 6-8 1 4
      Marian High School 1.2 mi Private 9-12 0 4
      Miriam F Mccarthy School 1.2 mi Public K-5 2 0
      Charlotte A. Dunning Elementary School 1.3 mi Public K-5 3 5
      Walsh Middle School 1.4 mi Public 6-8 3 4
      Barbieri Elementary School 1.4 mi Public K-5 1 5
      Brophy Elementary School 1.4 mi Public K-5 1 5
      Blocks Pre-school @ Juniper Hill 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Joseph P Keefe Tech High School 1.6 mi Public 9-12 1 3
      Christa Mcauliffe Regional Charter Public School 1.7 mi Public 6-8 3 4
      St. Tarcisius School 1.9 mi Private PRESCHOOL-8 0 4
      Wayland Academy Of Framingham 2.0 mi Private PRESCHOOL-5 0 5
      Hemenway Elementary School 2.0 mi Public K-5 4-5 5
      Framingham High School 2.2 mi Public 9-12 3-5 4
      Reed Academy 2.2 mi Private - 0 5
      Sudbury Valley School 2.2 mi Private - 0 3
      Mary E Stapleton Elementary School 2.5 mi Public K-5 3 4
      Woodrow Wilson Elementary School 2.7 mi Public K-5 1 5
      Potter Road Elementary School 2.7 mi Public K-5 3-5 5
      Cameron Middle School 2.8 mi Public 6-8 2-5 3
      Cclc Of Framingham 2.8 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Framingham, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.