Market Report Needham, Massachusetts
Single Family, Condominium, and Multifamily Homes Y e a r E n d 2 0 14
Needham Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2014 Range 2 Bed $447,000 - $621,250 3 Bed $395,000 - $1,870,000 4 Bed $475,000 - $1,650,000 5 Bed $500,001 - $2,599,000 6+ Bed $560,000 - $2,305,000
Number of Listing Sold 6 90 128 67 9
Days on the Market 52 33 51 77 161
Average Sale Price $ 561,042 $ 708,148 $ 953,141 $ 1,309,215 $ 1,482,889
Historical Average Sale Price - Past 10 Years % Change
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
-5.277% -2.639% 4.956% -1.321% 3.915% 1.551% -1.397% 11.758% 7.282%
Number of Listing Sold 278 296 373 267 273 306 281 336 329 300
Days on the Market 62 103 96 88 89 90 100 101 59 55
Average Sale Price $ 811,702 $ 768,865 $ 748,577 $ 785,675 $ 775,293 $ 805,643 $ 818,141 $ 806,708 $ 901,561 $ 967,217
$901,561
$967,217
$818,141 $806,708 $811,702 $768,865 $748,577 $785,675 $775,293 $805,643
2005
2006
2007
2008
Source: MLSPIN, as of 01/15/2015
2009
2010
2011
2012
2013
2014
Market statistics
Total Sold - Needham, MA Single Family, 1/1/2014 - 12/31/2014
# of
Price Range $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
1 1 5 27 39 46 49 21 90 18 2 1
13 136 61 37 43 33 44 30 72 107 269 13
$395,000 $447,000 $476,900 $554,280 $657,668 $744,915 $837,752 $960,248 $1,270,970 $1,634,250 $2,220,000 $2,599,000
$349,000 $460,000 $503,400 $563,981 $649,285 $738,333 $831,898 $966,121 $1,280,327 $1,652,661 $2,262,000 $2,599,000
113 97 95 98 102 101 101 100 100 99 98 100
$349,000 $500,000 $542,400 $576,096 $676,859 $750,443 $840,896 $984,017 $1,297,093 $1,701,800 $2,397,000 $2,599,000
113 89 88 97 99 100 100 98 98 97 93 100
300
55
$967,217
$969,969
100
$988,885
99
Source: MLSPIN, as of 01/15/2015
SERVICE@DWELL360.Com | 617-299-1854
Needham Statistics Condominiums Average Sale Price - Number of Bedrooms - 2014 Number of Range Listing Sold $193,000 - $401,000 7 $209,000 - $699,000 23 $199,621 - $830,000 19 $690,000 - $930,000 18 $899,900 1
1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
Days on the Market 35 39 36 57 3
Average Sale Price $ 271,071 $ 409,477 $ 588,173 $ 869,381 $ 899,900
Historical Average Sale Price - Past 10 Years Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
% Change -20.831% 10.040% 6.629% -12.868% -0.992% 1.580% -6.369% 26.830% -1.388%
$602,276 $524,686
2006
2007
Days on the Market 94 152 159 178 153 131 91 114 71 42
$487,472 $482,635 $490,260
2008
Source: MLSPIN, as of 01/15/2015
Average Sale Price $ 602,276 $ 476,815 $ 524,686 $ 559,465 $ 487,472 $ 482,635 $ 490,260 $ 459,033 $ 582,191 $ 574,110 $582,191 $574,110
$559,465
$476,815
2005
Number of Listing Sold 47 33 48 40 38 40 39 53 63 68
2009
2010
2011
$459,033
2012
2013
2014
Market statistics
Total Sold - Needham, MA Condominiums, 1/1/2014 - 12/31/2014
# of
Price Range $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 $800,000 - $899,999 $900,000 - $999,999
Total Properties
Avg. Days Average on Listings Market Sale Price
Average
SP:LP
Average
SP:OP
List Price
Ratio
Orig Price
Ratio
2 6 9 2 3 2 2 6 14 3 16 3
118 54 13 1 26 25 39 30 40 51 53 74
$196,311 $234,833 $272,778 $306,500 $372,500 $409,750 $490,900 $538,667 $654,477 $722,554 $872,264 $910,842
$220,000 $245,800 $280,422 $304,000 $388,300 $389,500 $522,000 $524,483 $648,779 $719,000 $867,600 $888,333
90 96 97 101 96 106 94 103 101 101 101 103
$225,000 $247,317 $280,422 $304,000 $394,833 $389,500 $522,000 $526,150 $649,779 $719,000 $872,100 $888,333
87 95 97 101 94 106 94 103 101 101 100 103
68
42
$574,110
$573,057
100
$575,038
99
Source: MLSPIN, as of 01/15/2015
SERVICE@DWELL360.Com | 617-299-1854
Needham Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2014 Range $287,500 $515,000
1 Unit 2 Units
Number of Listing Sold 1 1
Days on the Market 6 6
Average Sale Price $ 287,500 $ 515,000
Historical Average Sale Price - Past 10 Years Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
% Change -5.360% -13.978% -9.281% 3.795% 12.025% 3.001% 6.973% -9.316% -26.316%
Number of Listing Sold 4 6 3 7 3 2 7 7 9 2
$634,638 $600,622 $516,667
Days on the Market 16 87 169 129 37 33 35 35 25 6
$545,000 $561,357
Average Sale Price $ 634,638 $ 600,622 $ 516,667 $ 468,714 $ 486,500 $ 545,000 $ 561,357 $ 600,500 $ 544,556 $ 401,250
$600,500 $544,556
$468,714 $486,500 $401,250
2005
2006
2007
2008
Source: MLSPIN, as of 01/15/2015
2009
2010
2011
2012
2013
2014
Market statistics
Total Sold - Needham, MA Multifamily Homes, 1/1/2014 - 12/31/2014
# of
Price Range $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999
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 0 0 1
6 0 0 0 0 6
$287,500 $0 $0 $0 $0 $515,000
$295,000 $0 $0 $0 $0 $495,000
97 0 0 0 0 104
$295,000 $0 $0 $0 $0 $495,000
97 0 0 0 0 104
2
6
$401,250
$395,000
101
$395,000
101
Source: MLSPIN, as of 01/15/2015
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