Is Medfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Medfield has remained a Seller's Market.
Key Takeaway
Medfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medfield, MA
How much do homes in Medfield, MA cost?
Median Sold Price
$885,000
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Medfield have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Medfield was $885,000 in May 2024, down 3.3% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $295K | +4.4% |
| 2 Bedrooms | $610K | $575K | -5.7% |
| 3 Bedrooms | $742.5K | $800K | +7.7% |
| 4 Bedrooms | $1.0M | $975K | -5.1% |
| 5+ Bedrooms | $1.3M | $1.4M | +13.4% |
Summary: Medfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in Medfield, MA
How many homes are available in Medfield, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Summary: The Medfield real estate market had 55 homes for sale in May 2024, a 27.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 17 | 26 | +52.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Medfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medfield, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Medfield in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Medfield, MA
How long does it take to sell a home in Medfield, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -16.0% |
Summary: Homes in Medfield had an average of 21 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Medfield; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
