Foreclosure Homes in Framingham, MA 01702

Current Market Conditions in Framingham, MA

The real estate market in Framingham has seen a significant uptick in activity over the past year, with home prices climbing steadily amid high demand and limited inventory. The average home price currently hovers around $520,000, reflecting a 10% increase compared to last year. Many buyers are drawn to the area's amenities and convenient location, contributing to the competitive nature of the market.

Recent trends indicate a growing interest in single-family homes and townhouses, with many first-time buyers looking to settle in Framingham for its suburban appeal and access to Boston. The rental market is also holding strong, attracting professionals and families alike. As interest rates fluctuate, buyers are becoming more cautious yet remain optimistic about their options in this vibrant community.

Rent Prices In Framingham, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Framingham, MA, is on a rollercoaster ride. The average rent price in Framingham, MA, is $2,214.00. Indeed, when looking to rent in Framingham, MA, you can expect to pay as little as $940.00 or as much as $5,220.00, with the average rent median estimated to be $2,250.00. The good news is that finding an affordable and desirable property to rent in Framingham, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.