Is Needham Heights, 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, Needham Heights has remained a Seller's Market.
Housing Prices in Needham Heights, MA
How much do homes in Needham Heights, MA cost?
Median Sold Price
$1,403,000
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Needham Heights was $1,403,000 in May 2024, up 7.9% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $372.5K | $311.5K | -16.4% |
2 Bedrooms | $860K | $533.5K | -38.0% |
3 Bedrooms | $990K | $1.0M | +7.3% |
4 Bedrooms | $1.5M | $1.4M | -3.9% |
5+ Bedrooms | $2.3M | $1.9M | -13.8% |
Summary: Needham Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes decreased by 38%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Cities
Needham | $1.3M | $1.5M | +11.8% |
Wellesley Hills | $2.0M | $2.2M | +10.7% |
Newton | $1.3M | $1.4M | +8.4% |
Needham Heights | $1.3M | $1.4M | +7.9% |
Wellesley | $1.8M | $1.9M | +7.5% |
Housing Supply in Needham Heights, MA
How many homes are available in Needham Heights, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The Needham Heights real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Needham Heights 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Needham Heights in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Needham Heights, MA
How long does it take to sell a home in Needham Heights, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 17 Days | -56.3% |
Summary: Homes in Needham Heights had an average of 17 days on market in May 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Needham Heights; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.