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
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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
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