Is Medfield, MA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Medfield is a seller'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



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

# BEDSMay 2023May 2024CHANGE
1 $282.5K$295K
2 $610K$575K
3 $742.5K$800K
4 $1.0M$975K
5+ $1.3M$1.4M

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%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Medfield, MA

How many homes are available in Medfield, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

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

# BEDSApr 2024May 2024CHANGE
1 00
2 47
3 1010
4 1726
5+ 1212

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 2024May 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
25 Days21 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Medfield, MA

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