Market Report Needham, Massachusetts
Single Family, Condominium, and Multifamily Homes Y e a r E n d 2 0 15
Needham Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2015
2 Bed 3 Bed 4 Bed 5 Bed 6+ Bed
Number of Range Listing Sold $435,000 - $625,000 6 $330,000 - $1,050,000 102 $385,000 - $2,475,000 135 $650,000 - $3,495,000 79 $1,250,000 - $3,297,500 14
Days on the Market 54 42 53 125 152
Average Sale Price $ 525,796 $ 692,818 $ 950,629 $ 1,405,140 $ 1,782,893
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -2.639% 4.956% -1.321% 3.915% 1.551% -1.397% 11.758% 7.282% 4.043%
Number of Listing Sold 296 373 267 273 306 281 336 329 300 336
Days on the Market 103 96 88 89 90 100 101 59 55 71
$901,561
Average Sale Price $ 768,865 $ 748,577 $ 785,675 $ 775,293 $ 805,643 $ 818,141 $ 806,708 $ 901,561 $ 967,217 $ 1,006,320 $967,217$1,006,320
$818,141 $806,708 $768,865 $748,577 $785,675 $775,293 $805,643
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Source: MLSPIN, as of 01/14/2016
Cover Image: Phelan, John. (June 2, 2010). Kinsbury-Whitaker House, Needham Massachusetts [photo]. Retrieved from https://goo.gl/wxAchk.
Market statistics
Total Sold - Needham, MA Single Family, 1/1/2015 - 12/31/2015
# 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 $3,000,000 - $3,999,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
1 2 2 5 24 53 51 47 25 92 20 11 1 2
74 58 149 73 55 35 36 53 27 117 85 197 119 22
$330,000 $392,495 $442,450 $474,800 $542,803 $640,841 $742,408 $853,873 $942,580 $1,283,439 $1,634,594 $2,282,614 $2,529,000 $3,396,250
$375,000 $442,500 $434,450 $509,480 $551,567 $640,681 $750,676 $857,164 $933,109 $1,302,336 $1,662,870 $2,393,455 $2,529,000 $3,395,000
88 90 102 93 99 100 99 100 101 99 99 96 100 100
$399,000 $462,450 $484,450 $508,680 $567,633 $648,842 $762,090 $868,121 $938,712 $1,336,077 $1,684,190 $2,443,727 $2,529,000 $3,395,000
83 87 93 93 96 99 98 99 101 96 98 94 100 100
336
71
$1,006,320
$1,019,310
99
$1,038,057
98
Source: MLSPIN, as of 01/14/2016
SERVICE@DWELL360.Com | 617-299-1854
Needham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2015 Number of Range Listing Sold $204,000 - $222,000 4 $235,000 - $769,000 23 $324,000 - $910,000 26 $640,000 - $925,000 14 $890,000 - $1,224,900 5
1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
Days on the Market 24 47 63 47 63
Average Sale Price $ 210,250 $ 499,130 $ 666,630 $ 863,714 $ 967,310
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change 10.040% 6.629% -12.868% -0.992% 1.580% -6.369% 26.830% -1.388% 12.691%
Number of Listing Sold 33 48 40 38 40 39 53 63 68 72
Days on the Market 152 159 178 153 131 91 114 71 42 53
Average Sale Price $ 476,815 $ 524,686 $ 559,465 $ 487,472 $ 482,635 $ 490,260 $ 459,033 $ 582,191 $ 574,110 $ 646,971 $646,971
$524,686
$559,465
$487,472 $482,635 $490,260
$476,815
2006
2007
$582,191 $574,110
2008
2009
Source: MLSPIN, as of 01/14/2016
2010
2011
$459,033
2012
2013
2014
2015
Market statistics
Total Sold - Needham, MA Condominiums, 1/1/2015 - 12/31/2015
# of
Price Range $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 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999
Total Properties
Avg. Days Average on Listings Market Sale Price
Average
SP:LP
Average
SP:OP
List Price
Ratio
Orig Price
Ratio
5 2 2 4 4 3 9 8 15 9 10 1
21 34 115 23 44 95 24 76 70 44 47 112
$215,200 $293,000 $326,000 $384,971 $426,500 $484,333 $537,444 $666,250 $753,233 $863,444 $910,765 $1,224,900
$224,600 $302,000 $332,000 $389,696 $438,475 $512,667 $551,767 $668,950 $753,400 $881,544 $917,530 $1,224,900
96 97 98 99 98 95 98 100 100 98 99 100
$224,600 $302,000 $357,000 $389,696 $433,475 $549,333 $551,767 $675,200 $755,467 $887,000 $917,540 $1,129,000
96 97 91 99 99 89 98 99 100 97 99 108
72
53
$646,971
$655,476
98
$657,897
98
Source: MLSPIN, as of 01/14/2016
SERVICE@DWELL360.Com | 617-299-1854
Needham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2015 Range $755,000
2 Units
Number of Listing Sold 3
Days on the Market 60
Average Sale Price $ 755,000
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -13.978% -9.281% 3.795% 12.025% 3.001% 6.973% -9.316% -26.316% 88.162%
Number of Listing Sold 6 3 7 3 2 7 7 9 2 3
Days on the Market 87 169 129 37 33 35 35 25 6 60
Average Sale Price $ 600,622 $ 516,667 $ 468,714 $ 486,500 $ 545,000 $ 561,357 $ 600,500 $ 544,556 $ 401,250 $ 755,000 $755,000
$600,622 $516,667
$545,000 $561,357
$600,500
$544,556
$468,714 $486,500 $401,250
2006
2007
2008
2009
Source: MLSPIN, as of 01/15/2016
2010
2011
2012
2013
2014
2015
Market statistics
Total Sold - Needham, MA Multifamily Homes, 1/1/2015 - 12/31/2015
# of
Price Range $700,000 - $799,999
Total Properties
Avg. Days on Listings Market 3 60
3
60
Average
Average
SP:LP
Average
SP:OP
Sale Price $755,000
List Price $766,333
Ratio 99
Orig Price $866,333
Ratio 90
$755,000
$766,333
99
$866,333
90
Source: MLSPIN, as of 01/14/2016
SERVICE@DWELL360.Com | 617-299-1854
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