Is Medfield, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, MD
How much do homes in Medfield, MD cost?
Median Sold Price
$300,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Medfield have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Medfield was $300,000 in April 2024, up 18.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.2K | $85K | +11.5% |
| 2 Bedrooms | $165K | $198K | +20.0% |
| 3 Bedrooms | $292.5K | $319.9K | +9.4% |
| 4 Bedrooms | $325K | $371.5K | +14.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Medfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Medfield | $253.7K | $300K | +18.2% |
| Hoes Heights | $274.7K | $309.5K | +12.6% |
| Melvale Heights | $260K | $287.5K | +10.6% |
| Roland Ridge Apartment Homes | $83.5K | $88.7K | +6.3% |
Housing Supply in Medfield, MD
How many homes are available in Medfield, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Medfield real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Medfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medfield, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Medfield in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Medfield, MD
How long does it take to sell a home in Medfield, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +100.0% |
Summary: Homes in Medfield had an average of 42 days on market in Apr 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Medfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Medfield; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
