Market Report Needham, Massachusetts
Single Family, Condominiums, and Multifamily Homes Y e a r E n d 2 0 13
Needham Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2013 Range $210,000 - $949,000 $356,000 - $1,102,500 $400,000 - $1,640,000 $562,500 - $2,825,000 $929,000 - $2,550,000
0-2 Bed 3 Bed 4 Bed 5 Bed 6 Bed
Number of Listing Sold 14 109 132 64 10
Days on the Market 50 32 55 104 128
Average Sale Price $ 495,679 $ 614,885 $ 954,937 $ 1,254,202 $ 1,633,100
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
% Change 7.178% -5.277% -2.639% 4.956% -1.321% 3.915% 1.551% -1.397% 11.758%
Number of Listing Sold 339 278 296 373 267 273 306 281 336 329
Days on the Market 66 62 103 96 88 89 90 100 101 59
Average Sale Price $ 757,341 $ 811,702 $ 768,865 $ 748,577 $ 785,675 $ 775,293 $ 805,643 $ 818,141 $ 806,708 $ 901,561 $901,561
$757,341
2004
$811,702
2005
$805,643 $818,141 $806,708 $768,865 $748,577 $785,675 $775,293
2006
2007
Source: MLSPIN, as of 02/07/2014
2008
2009
2010
2011
2012
2013
Market statistics
Total Sold - Needham, MA Single Family, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP Ratio
$200,000 - $249,999
1
93
$210,000
$299,000
70
$299,000
70
$250,000 - $299,999
0
0
$0
$0
0
$0
0
$300,000 - $349,999
1
75
$327,500
$355,000
92
$399,000
82
$350,000 - $399,999
4
99
$371,000
$400,975
93
$431,725
86
$400,000 - $449,999
6
18
$419,833
$437,633
96
$448,633
94
$450,000 - $499,999
16
51
$473,494
$476,050
100
$478,300
99
$500,000 - $599,999
48
37
$547,788
$549,909
100
$559,409
98
$600,000 - $699,999
47
25
$644,687
$644,928
100
$649,889
99
$700,000 - $799,999
37
43
$747,380
$745,965
100
$761,557
99
$800,000 - $899,999
37
49
$840,189
$844,692
100
$853,314
99
$900,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999
18 100 9
31 95 121
$951,627 $1,239,455 $1,725,359
$954,556 $1,270,847 $1,747,778
100 98 99
$965,444 $1,293,876 $1,795,111
99 96 97
$2,000,000 - $2,499,999
2
45
$2,302,500
$2,390,000
96
$2,390,000
96
$2,500,000 - $2,999,999
3
113
$2,651,667
$2,766,333
96
$2,783,000
95
329
59
$901,561
$915,312
99
$929,990
97
Price Range
Total Properties Source: MLSPIN, as of 02/07/2014
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Needham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2013 Range $200,000 - $300,000 $195,200 - $605,000 $317,500 - $899,000 $772,000 - $901,555 $875,000-$875,000
1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
Number of Listing Sold 6 13 31 12 1
Days on the Market 39 44 99 50 14
Average Sale Price $ 233,917 $ 346,108 $ 638,823 $ 841,385 $ 875,000
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
% Change 30.852% -20.831% 10.040% 6.629% -12.868% -0.992% 1.580% -6.369% 26.830% $602,276 $476,815
$460,271
2004
2005
2006
$524,686
2007
Source: MLSPIN, as of 02/10/2014
Number of Listing Sold 58 47 33 48 40 38 40 39 53 63
Days on the Market 50 94 152 159 178 153 131 91 114 71
Average Sale Price $ 460,271 $ 602,276 $ 476,815 $ 524,686 $ 559,465 $ 487,472 $ 482,635 $ 490,260 $ 459,033 $ 582,191 $582,191
$559,465 $487,472 $482,635 $490,260 $459,033
2008
2009
2010
2011
2012
2013
Market statistics
Total Sold - Needham, MA Condominiums, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP Ratio
$150,000 - $199,999
1
6
$195,200
$195,200
100
$195,200
100
$200,000 - $249,999
9
31
$223,278
$238,629
94
$235,975
95
$250,000 - $299,999
1
4
$265,000
$275,000
96
$275,000
96
$300,000 - $349,999
4
82
$320,625
$333,000
96
$341,500
94
$350,000 - $399,999
2
67
$379,250
$385,000
99
$387,450
98
$400,000 - $449,999
2
95
$437,000
$439,000
100
$452,000
97
$450,000 - $499,999
2
39
$470,355
$484,450
97
$484,450
97
$500,000 - $599,999 $600,000 - $699,999
6 14
83 142
$563,167 $633,286
$577,500 $643,329
98 98
$585,833 $649,743
96 98
$700,000 - $799,999
9
68
$769,278
$770,111
100
$767,889
100
$800,000 - $899,999 $900,000 - $999,999
12 1
27 57
$856,881 $901,555
$861,250 $895,000
100 101
$860,417 $895,000
100 101
Total Properties
63
71
$582,191
$590,466
98
$592,860
98
Price Range
Source: MLSPIN, as of 02/10/2014
SERVICE@DWELL360.Com | 617-299-1854
Needham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2013 Range $335,000 - $799,000 $515,000 - $515,000
2 Units 3 Units
Number of Listing Sold 8 1
Days on the Market 25 21
Average Sale Price $ 548,250 $ 515,000
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
% Change 10.697% -5.360% -13.978% -9.281% 3.795% 12.025% 3.001% 6.973% -9.316% $634,638
$573,313
$600,622 $516,667
2004
2005
Number of Listing Sold 8 4 6 3 7 3 2 7 7 9
2006
2007
Source: MLSPIN, as of 02/10/2014
Days on the Market 42 16 87 169 129 37 33 35 35 25
$545,000 $561,357
Average Sale Price $ 573,313 $ 634,638 $ 600,622 $ 516,667 $ 468,714 $ 486,500 $ 545,000 $ 561,357 $ 600,500 $ 544,556 $600,500
$544,556
$468,714 $486,500
2008
2009
2010
2011
2012
2013
Market statistics
Total Sold - Needham, MA Multifamily Homes, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP Ratio
$300,000 - $349,999
1
85
$335,000
$355,900
94
$379,900
88
$350,000 - $399,999
0
0
$0
$0
0
$0
0
$400,000 - $449,999
2
34
$431,500
$454,000
95
$454,000
95
$450,000 - $499,999
1
18
$470,000
$424,900
111
$424,900
111
$500,000 - $599,999
2
14
$522,500
$542,000
97
$542,000
97
$600,000 - $699,999 $700,000 - $799,999
1 2
18 3
$600,000 $794,000
$595,000 $794,000
101 100
$595,000 $794,000
101 100
Total Properties
9
25
$544,556
$550,644
99
$553,311
98
Price Range
Source: MLSPIN, as of 02/10/2014
SERVICE@DWELL360.Com | 617-299-1854
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