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 June 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

$915,000

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$35,000(+4.0%)

Key Takeaway

Homes in Medfield have sold for 4% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $282.5K$295K
+4.4%
2 $606.5K$560K
-7.7%
3 $747.5K$835K
+11.7%
4 $950K$1.0M
+8.4%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Sherborn
+19.9%
Millis
+19.5%
Walpole
+5.3%
Medfield
+4.0%
Dover
-10.0%

Housing Supply in Medfield, MA

How many homes are available in Medfield, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5753-7.0%

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

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 77
0.0%
3 98
-11.1%
4 2624
-7.7%
5+ 1514
-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 2024Jun 2024CHANGE
1116+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
13 Days17 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Medfield are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 26 Days Ago

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