Page 1

Market Report Needham, Massachusetts

Single Family, Condominiums, and Multifamily Homes Y e a r E n d 2 0 12


Needham Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2012 Number of Range Listing Sold $337,500 - $600,000 14 $315,000 - $930,000 120 $387,000 - $2,260,000 139 $600,000 - $1,750,000 52 $488,500 - $2,600,000 11

2 Bed 3 Bed 4 Bed 5 Bed 6 Bed

Days on the Market 39 70 107 165 139

Average Sale Price $ 419,111 $ 569,654 $ 867,682 $ 1,194,385 $ 1,282,901

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 19.875% 7.178% -5.277% -2.639% 4.956% -1.321% 3.915% 1.551% -1.397% $757,341

$811,702

Number of Listing Sold 319 339 278 296 373 267 273 306 281 336

Days on the Market 69 66 62 103 96 88 89 90 100 101

$768,865 $748,577 $785,675 $775,293

Average Sale Price $ 631,774 $ 757,341 $ 811,702 $ 768,865 $ 748,577 $ 785,675 $ 775,293 $ 805,643 $ 818,141 $ 806,708

$805,643 $818,141 $806,708

$631,774

2003

2004

2005

2006

Source: MLSPIN, as of 01/25/2013

2007

2008

2009

2010

2011

2012


Market statistics

Total Sold - Needham, MA Single Family, 1/1/2012 - 12/31/2012

# of

Price Range $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999 $2,000,000 - $2,499,999 $2,500,000 - $2,999,999

Total Properties

Avg. Days Average on Listings Market Sale Price

Average

SP:LP

Average

SP:OP

List Price

Ratio

Orig Price

Ratio

4 6 19 19 65 56 35 29 17 76 8 1 1

76 71 101 93 83 56 78 78 146 150 231 25 318

$330,625 $366,250 $425,218 $474,832 $550,350 $648,299 $742,436 $830,266 $949,283 $1,238,208 $1,648,850 $2,260,000 $2,600,000

$355,975 $395,298 $450,921 $495,495 $566,298 $661,678 $756,519 $847,493 $977,191 $1,279,010 $1,760,375 $2,299,000 $2,749,900

93 93 94 96 97 98 98 98 97 97 94 98 95

$377,100 $398,965 $678,132 $504,984 $581,318 $674,278 $774,986 $867,200 $1,018,765 $1,312,754 $1,973,500 $2,299,000 $2,749,900

88 92 86 94 95 97 96 96 94 95 86 98 95

336

101

$806,708

$832,278

97

$869,420

94

Source: MLSPIN, as of 01/25/2013

SERVICE@DWELL360.Com | 617-299-1854


Needham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2012

1 Bed 2 Bed 3 Bed 4 Bed

Range $140,000 - $324,800 $200,000 - $487,500 $362,500 - $698,000 $680,000 - $758,402

Number of Listing Sold 8 18 16 11

Days on the Market 44 129 130 115

Average Sale Price $ 193,600 $ 332,739 $ 561,453 $ 709,763

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 11.953% 30.852% -20.831% 10.040% 6.629% -12.868% -0.992% 1.580% -6.369%

Number of Listing Sold 34 58 47 33 48 40 38 40 39 53

$602,276 $524,686

2003

2004

2005

2006

Source: MLSPIN, as of 01/25/2013

2007

Average Sale Price $ 411,127 $ 460,271 $ 602,276 $ 476,815 $ 524,686 $ 559,465 $ 487,472 $ 482,635 $ 490,260 $ 459,033

$559,465

$487,472 $482,635 $490,260

$476,815

$460,271 $411,127

Days on the Market 54 50 94 152 159 178 153 131 91 114

2008

2009

2010

2011

$459,033

2012


Market statistics

Total Sold - Needham, MA Condominiums, 1/1/2012 - 12/31/2012

# of

Pric e Range $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999

Total Properties

Avg. Days Average on Listings Market Sale Pric e

Average

SP:LP

Average

SP:OP

List Pric e

Ratio

Orig Pric e

Ratio

1 4 8 1 4 4 2 8 2 14 5

21 64 158 49 49 97 161 157 70 113 108

$140,000 $164,750 $218,688 $298,000 $324,450 $364,950 $446,250 $463,688 $561,000 $665,089 $737,880

$170,000 $168,000 $230,363 $309,000 $332,450 $368,200 $464,950 $481,100 $569,000 $677,250 $737,000

82 98 95 96 98 99 96 96 99 98 100

$170,000 $168,000 $245,988 $309,000 $338,450 $375,304 $472,450 $494,088 $604,000 $691,536 $761,000

82 98 90 96 96 97 94 94 93 96 97

53

114

$459,033

$469,428

97

$482,378

95

Source: MLSPIN, as of 01/25/2013

SERVICE@DWELL360.Com | 617-299-1854


Needham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2012

2 Units 3 Units 4 Units 5 Units 6 Units

Range $345,000 - $651,000 $485,000 - $800,000 $855,000 - $855,000

Number of Listing Sold 4 2 1

Days on the Market 44 30 5

Average Sale Price $ 515,875 $ 642,500 $ $ $ 855,000

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 5.699% 10.697% -5.360% -13.978% -9.281% 3.795% 12.025% 3.001% 6.973% $634,638

$573,313 $542,404

2003

2004

Number of Listing Sold 7 8 4 6 3 7 3 2 7 7

$600,622 $516,667

2005

Days on the Market 60 42 16 87 169 129 37 33 35 35

2006

Source: MLSPIN, as of 01/25/2013

2007

Average Sale Price $ 542,404 $ 573,313 $ 634,638 $ 600,622 $ 516,667 $ 468,714 $ 486,500 $ 545,000 $ 561,357 $ 600,500

$545,000 $561,357

$600,500

$468,714 $486,500

2008

2009

2010

2011

2012


Market statistics

Total Sold - Needham, MA Multifamily Homes, 1/1/2012 - 12/31/2012

# of

Price Range $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999

Total Properties

Avg. Days on Listings Market

Average

Average

SP:LP

Average

SP:OP

Sale Price

List Price

Ratio

Orig Price

Ratio

1 0 0 1 2 1 0 2

69 0 0 11 40 28 0 27

$345,000 $0 $0 $485,000 $533,750 $651,000 $0 $827,500

$369,900 $0 $0 $499,999 $554,000 $639,000 $0 $799,500

93 0 0 97 96 102 0 104

$379,000 $0 $0 $499,999 $554,500 $639,000 $0 $794,500

91 0 0 97 96 102 0 104

7

35

$600,500

$602,271

99

$602,286

99

Source: MLSPIN, as of 01/25/2013

SERVICE@DWELL360.Com | 617-299-1854


Trust. Knowledge. Experience.

www.Dwell360.com Service@Dwell360.com 617-299-1854

You want an agent who cares – We are experienced real estate agents who use professional marketing tools. We have neighborhood insight and are current with local market conditions. We know the inventory, have opinions about each property, are confident negotiators, and care about our clients – because buying and selling a home is a big deal! Dwell360 46 Austin Street Suite 302 Newton, MA 02460

Needham Massachusetts Real Estate Market Data - Dwell360  

Dwell360 has published this report on the residential real estate market statistics for 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004...

Read more
Read more
Similar to
Popular now
Just for you