Is Needham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since July 2021
Since last year, Needham has remained a Seller's Market.
Key Takeaway
Needham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Needham, MA cost?
Median Sold Price
$1,350,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since July 2021
+$150,000(+12.5%)
Key Takeaway
Homes in Needham have sold for 12.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jul 2021 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | $360.5K | $368K | +2.1% |
| 2 Bedrooms | $467.5K | $655K | +40.1% |
| 3 Bedrooms | $918.2K | $1.0M | +11.6% |
| 4 Bedrooms | $1.2M | $1.4M | +20.8% |
| 5+ Bedrooms | $1.8M | $2.1M | +19.0% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Wellesley Hills | +20.4% |
| Wellesley | +13.9% |
| Dover | +13.5% |
| Needham | +12.5% |
| Needham Heights | +9.2% |
How many homes are available in Needham, MA?
Number of Homes For Sale
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 163 | 114 | -30.1% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2022 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3%  |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 33 | 23 | -30.3% |
| 4 Bedrooms | 58 | 35 | -39.7% |
| 5+ Bedrooms | 58 | 44 | -24.1% |
Number of Homes Sold
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 50 | 32 | -36.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Needham, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Average Sale Time
| Jul 2021 | Jul 2022 | % |
|---|---|---|
| 20 Days | 20 Days | -3.9% |
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Needham are selling fast, if you're buying plan to act quickly.
