Is Medfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Medfield has remained a Seller's Market.
Housing Prices in Medfield, MA
How much do homes in Medfield, MA cost?
Median Sold Price
$915,000
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Medfield was $915,000 in June 2024, up 4% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282.5K | $295K | +4.4% |
2 Bedrooms | $606.5K | $560K | -7.7% |
3 Bedrooms | $747.5K | $835K | +11.7% |
4 Bedrooms | $950K | $1.0M | +8.4% |
5+ Bedrooms | $1.3M | $1.6M | +21.9% |
Summary: Medfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in Medfield, MA
How many homes are available in Medfield, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
57 | 53 | -7.0% |
Summary: The Medfield real estate market had 53 homes for sale in June 2024, a 7.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Medfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Medfield in June 2024, up by 45.5% month-over-month. Of the 16 sold homes, 19% were sold under asking, 6% were sold at asking, and 75% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 17 Days | +31.4% |
Summary: Homes in Medfield had an average of 17 days on market in Jun 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 16 homes were sold in Medfield; 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.