Massachusetts Home Buyer Guide

Higher Prices Lead to Fewer 2011 Sales in Needham, MA

The median price of single-family homes in Needham, Massachusetts increased as sales decreased in 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.
 
The median price of single-family homes in Needham, MA increased 3.8 percent in 2011 compared to 2010, a difference of $25,000.  Single-family home sales fell 8.2 percent in 2011, a difference of 25 sales compared to 2010.

The median price of condominiums decreased 3.2 percent in 2011, a difference of $17,750 compared to the year before. Condo sales in Needham, MA were flat, with one less sale in 2011 than in the previous year.

Multi-family home prices decreased 1 percent in 2011, a difference of $5,000 compared to 2010. Sales of multi-family homes increased 250 percent in 2011, an increase of five sales compared to 2010.

Needham, Massachusetts Real Estate Market Report

        Sales / Median Price

Single-family Homes:
2010 – 306 / $665,000
2011 – 281 / $690,000

Condominiums:
2010 – 40 / $547,750
2011 – 39 / $530,000

Multi-family Homes:
2010 – 2 / $545,000
2011 – 7 / $540,000

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Needham, MA Home Prices Drop May 2011

The median price of single-family homes in Needham, Massachusetts decreased in May 2011, but sales increased, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median home price declined 6.3 percent in May 2011 compared to the previous year, a difference of $45,500.  Single-family home sales in Needham, MA rose 12.1 percent in May 2011, a difference of four sales compared to May 2010. 

Condominium sales were up 600 percent in May 2011, rising from one sale in May 2010 to seven sales in May 2011. The median price for condos was $147,000 in 2010 and $625,000 in 2011. 

There were no multi-family homes sold in Needham, MA in May 2010 or May 2011.

Needham, Massachusetts Real Estate Market Report

                    Sales / Median Price

Single family  
May 2010 – 33 / $725,000
May 2011 – 37/ $679,500

Condominiums
May 2010 – 1 / $147,000
May 2011 – 7/ $625,000

Multi family
May 2010 – 0 / $0
May 2011 – 0 / $0

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