Is Needham Heights, 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, Needham Heights has remained a Seller's Market.
Housing Prices in Needham Heights, MA
How much do homes in Needham Heights, MA cost?
Median Sold Price
$1,358,400
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Needham Heights was $1,358,400 in March 2024, up 4.6% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $320K | -13.5% |
2 Bedrooms | $737.8K | $1.0M | +38.9% |
3 Bedrooms | $990K | $1.0M | +7.3% |
4 Bedrooms | $1.4M | $1.4M | +2.9% |
5+ Bedrooms | $2.1M | $2.0M | -8.0% |
Summary: Needham Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Newton | $1.3M | $1.4M | +9.8% |
Wellesley Hills | $2.0M | $2.2M | +7.3% |
Needham | $1.3M | $1.4M | +6.6% |
Needham Heights | $1.2M | $1.3M | +4.6% |
Wellesley | $1.8M | $1.8M | +1.4% |
Housing Supply in Needham Heights, MA
How many homes are available in Needham Heights, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Summary: The Needham Heights real estate market had 19 homes for sale in March 2024, a 35.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Needham Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Needham Heights in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 17 Days | -33.8% |
Summary: Homes in Needham Heights had an average of 17 days on market in Mar 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Needham Heights; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.