Is Needham Heights, MA 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, Needham Heights has remained a Buyer's Market.
Key Takeaway
Needham Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Needham Heights, MA
How much do homes in Needham Heights, MA cost?
Median Sold Price
$1,402,400
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Needham Heights have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Needham Heights was $1,402,400 in April 2024, up 8.3% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.5K | $311.5K | -16.4% |
| 2 Bedrooms | $787.5K | $1.1M | +51.1% |
| 3 Bedrooms | $986K | $1.0M | +7.8% |
| 4 Bedrooms | $1.5M | $1.4M | -0.7% |
| 5+ Bedrooms | $2.1M | $1.9M | -9.3% |
Summary: Needham Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 51.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Wellesley Hills | $2.0M | $2.2M | +10.0% |
| Needham | $1.3M | $1.4M | +9.6% |
| Needham Heights | $1.2M | $1.4M | +8.3% |
| Newton | $1.3M | $1.4M | +7.9% |
| Wellesley | $1.8M | $1.9M | +4.7% |
Housing Supply in Needham Heights, MA
How many homes are available in Needham Heights, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Needham Heights real estate market had 21 homes for sale in April 2024, a 10.5% 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 | 0 | 3 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Needham Heights 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 remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Needham Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Needham Heights in April 2024, down by 66.7% month-over-month. Of the 2 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 69 Days | +72.5% |
Summary: Homes in Needham Heights had an average of 69 days on market in Apr 2024, up by 72.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Needham Heights has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Needham Heights; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
