$10,000 Closing Credit*
$949,900
2,356 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73317625, Kandi Pitrus, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
Is Medfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Medfield has remained a Seller's Market.
Key Takeaway
Medfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medfield, MA
How much do homes in Medfield, MA cost?
Median Sold Price
$1,112,500
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$229,500(+26.0%)
Key Takeaway
Homes in Medfield have sold for 26% more than they did a year ago.
Summary: The median home sold price in Medfield was $1,112,500 in November 2024, up 26% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $295.1K | -2.4% |
| 2 Bedrooms | $432.5K | $575K | +32.9% |
| 3 Bedrooms | $820K | $762.5K | -7.0% |
| 4 Bedrooms | $940K | $1.1M | +25.3% |
| 5+ Bedrooms | $1.4M | $1.6M | +13.6% |
Summary: Medfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 32.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in Medfield, MA
How many homes are available in Medfield, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 32 | -30.4% |
Summary: The Medfield real estate market had 32 homes for sale in November 2024, a 30.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 22 | 14 | -36.4% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Medfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Medfield in November 2024, down by 41.2% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Medfield, MA
How long does it take to sell a home in Medfield, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 48 Days | +255.6% |
Summary: Homes in Medfield had an average of 48 days on market in Nov 2024, up by 255.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Medfield; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
