$10,000 Closing Credit*
$2,095,000
3,979 SqFt
5 Beds
•4 Full Baths, 1 Partial
#73314027, The Varano Realty Group, Listing Office: Keller Williams Realty
Is Needham Heights, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Needham Heights was a Seller's Market.
Key Takeaway
Needham Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Needham Heights, MA
How much do homes in Needham Heights, MA cost?
Median Sold Price
$1,280,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+0.8%)
Key Takeaway
Homes in Needham Heights have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Needham Heights was $1,280,000 in October 2024, up 0.8% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347.5K | $568.7K | +63.7% |
| 2 Bedrooms | $805K | $580K | -28.0% |
| 3 Bedrooms | $1.0M | $1.0M | -2.8% |
| 4 Bedrooms | $1.4M | $1.5M | +1.3% |
| 5+ Bedrooms | $2.2M | $1.9M | -10.7% |
Summary: Needham Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.7%, 2 bedroom homes decreased by 28%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Wellesley | $1.7M | $2.0M | +18.0% |
| Needham | $1.3M | $1.5M | +15.3% |
| Wellesley Hills | $1.9M | $2.2M | +13.6% |
| Newton | $1.4M | $1.4M | +6.4% |
| Needham Heights | $1.2M | $1.2M | +0.8% |
Housing Supply in Needham Heights, MA
How many homes are available in Needham Heights, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Needham Heights real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Needham Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Needham Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Needham Heights in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Needham Heights, MA
How long does it take to sell a home in Needham Heights, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 46 Days | -25.9% |
Summary: Homes in Needham Heights had an average of 46 days on market in Oct 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Needham Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Needham Heights; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
