Is Needham Heights, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Needham Heights is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Needham Heights was a Buyer's Market.

Key Takeaway

Needham Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Needham Heights, MA

How much do homes in Needham Heights, MA cost?

Median Sold Price

$1,300,000

$483/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+0.4%)

Key Takeaway

The sold price of homes in Needham Heights has remained the same since last year.

Summary: The median home sold price in Needham Heights was $1,300,000 in September 2024, up 0.4% from last year, and the median price per square foot was $483.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $350K$568.7K
+62.5%
2 $1.0M$590.5K
-42.4%
3 $1.0M$1.0M
-4.2%
4 $1.4M$1.5M
+3.9%
5+ $2.2M$1.9M
-11.7%

Summary: Needham Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.5%, 2 bedroom homes decreased by 42.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Needham
+18.0%
Wellesley
+12.6%
Wellesley Hills
+11.0%
Newton
+10.2%
Needham Heights
0.4%

Housing Supply in Needham Heights, MA

How many homes are available in Needham Heights, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2233+50.0%

Summary: The Needham Heights real estate market had 33 homes for sale in September 2024, a 50.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 01
+100.0%
3 45
+25.0%
4 911
+22.2%
5+ 816
+100.0%

Summary: The Needham Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Needham Heights, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Needham Heights in September 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for Needham Heights, MA

How long does it take to sell a home in Needham Heights, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
3 Days27 Days+816.7%

Summary: Homes in Needham Heights had an average of 27 days on market in Sep 2024, up by 816.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Needham Heights; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 30 Days Ago

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