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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medfield is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Medfield, MA cost?

Median Sold Price

$900,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$80,000(+9.8%)

Key Takeaway

Homes in Medfield have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $250K$243.7K
-2.5%
2 $498K$512K
+2.8%
3 $675K$732K
+8.4%
4 $900K$999K
+11.0%
5+ $1.2M$1.4M
+12.3%

Median Sold Price Compared To Nearby Cities

Norfolk
+20.2%
Millis
+16.5%
Medfield
+9.8%
Sherborn
+8.0%
Walpole
+8.0%

How many homes are available in Medfield, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
8758-33.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 74
-42.9%
3 1916
-15.8%
4 4629
-37.0%
5+ 159
-40.0%

Number of Homes Sold

Jun 2022Jul 2022%
2717-37.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 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. 76.5% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
18 Days13 Days-26.3%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Medfield, MA

Number of homes for sale in Medfield, MA real estate market have reached 58. The number of listings in Medfield, MA decreased by 33.3% between June 2022 and July 2022. While the average time on the market in July 2022 was 13 days, the median list price was $900,000. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties became 2.5% more cheaper, prices of 2 bedrooms properties increased by 2.8%, prices of 3 bedrooms properties increased by 8.4%, 4 bedrooms properties prices increased by 11%, the cost of 5 bedrooms properties went up by 12.3%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 42.9% less available, 3 bedrooms homes became 15.8% less available, 4 bedrooms homes inventory decreased by 37%, 5 bedrooms homes became 40% less available. While more than 13 listings in Medfield, MA in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below.

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