Is Medfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$880,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Medfield have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Medfield was $880,000 in March 2024, down 6.4% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $295.1K | +23.0% |
| 2 Bedrooms | $563.5K | $570K | +1.2% |
| 3 Bedrooms | $750K | $799K | +6.5% |
| 4 Bedrooms | $1.0M | $935K | -10.9% |
| 5+ Bedrooms | $1.3M | $1.5M | +11.6% |
Summary: Medfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in Medfield, MA
How many homes are available in Medfield, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Summary: The Medfield real estate market had 28 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Medfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medfield, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Medfield in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 62 Days | +175.3% |
Summary: Homes in Medfield had an average of 62 days on market in Mar 2024, up by 175.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Medfield; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
