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Dwell360 has published this report on the residential real estate market statistics for 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, and 2004 for Needham, Massachusetts. The market statistics include residential sales averages for single family homes, condominiums, and multifamily homes. Review the information presented by the Massachusetts boutique real estate brokerage Dwell360 based in Newton.
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Needham, Massachusetts
Market Repor t
Single Family, Condominiums, and Multifamily Homes
Year End 2013
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
0-2 Bed $210,000 - $949,000 14 50 495,679$
3 Bed $356,000 - $1,102,500 109 32 614,885$
4 Bed $400,000 - $1,640,000 132 55 954,937$
5 Bed $562,500 - $2,825,000 64 104 1,254,202$
6 Bed $929,000 - $2,550,000 10 128 1,633,100$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 339 66 757,341$
2005 7.178% 278 62 811,702$
2006 -5.277% 296 103 768,865$
2007 -2.639% 373 96 748,577$
2008 4.956% 267 88 785,675$
2009 -1.321% 273 89 775,293$
2010 3.915% 306 90 805,643$
2011 1.551% 281 100 818,141$
2012 -1.397% 336 101 806,708$
2013 11.758% 329 59 901,561$
Source: MLSPIN, as of 02/07/2014
Needham Statistics
Average Sale Price - Number of Bedrooms - 2013
Historical Average Sale Price - Past 10 Years
Single Family Homes
$757,341 $811,702
$768,865 $748,577 $785,675 $775,293 $805,643 $818,141 $806,708
$901,561
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Single Family, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$200,000 - $249,999 1 93 $210,000 $299,000 70 $299,000 70
$250,000 - $299,999 0 0 $0 $0 0 $0 0
$300,000 - $349,999 1 75 $327,500 $355,000 92 $399,000 82
$350,000 - $399,999 4 99 $371,000 $400,975 93 $431,725 86
$400,000 - $449,999 6 18 $419,833 $437,633 96 $448,633 94
$450,000 - $499,999 16 51 $473,494 $476,050 100 $478,300 99
$500,000 - $599,999 48 37 $547,788 $549,909 100 $559,409 98
$600,000 - $699,999 47 25 $644,687 $644,928 100 $649,889 99
$700,000 - $799,999 37 43 $747,380 $745,965 100 $761,557 99
$800,000 - $899,999 37 49 $840,189 $844,692 100 $853,314 99
$900,000 - $999,999 18 31 $951,627 $954,556 100 $965,444 99
$1,000,000 - $1,499,999 100 95 $1,239,455 $1,270,847 98 $1,293,876 96
$1,500,000 - $1,999,999 9 121 $1,725,359 $1,747,778 99 $1,795,111 97
$2,000,000 - $2,499,999 2 45 $2,302,500 $2,390,000 96 $2,390,000 96
$2,500,000 - $2,999,999 3 113 $2,651,667 $2,766,333 96 $2,783,000 95
Total Properties 329 59 $901,561 $915,312 99 $929,990 97
Source: MLSPIN, as of 02/07/2014
Price Range
Total Sold - Needham, MA
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Bed $200,000 - $300,000 6 39 233,917$
2 Bed $195,200 - $605,000 13 44 346,108$
3 Bed $317,500 - $899,000 31 99 638,823$
4 Bed $772,000 - $901,555 12 50 841,385$
5 Bed $875,000-$875,000 1 14 875,000$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 58 50 460,271$
2005 30.852% 47 94 602,276$
2006 -20.831% 33 152 476,815$
2007 10.040% 48 159 524,686$
2008 6.629% 40 178 559,465$
2009 -12.868% 38 153 487,472$
2010 -0.992% 40 131 482,635$
2011 1.580% 39 91 490,260$
2012 -6.369% 53 114 459,033$
2013 26.830% 63 71 582,191$
Source: MLSPIN, as of 02/10/2014
Needham StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2013
Historical Average Sale Price - Past 10 Years
$460,271
$602,276
$476,815 $524,686
$559,465
$487,472 $482,635 $490,260 $459,033
$582,191
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Condominiums, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$150,000 - $199,999 1 6 $195,200 $195,200 100 $195,200 100
$200,000 - $249,999 9 31 $223,278 $238,629 94 $235,975 95
$250,000 - $299,999 1 4 $265,000 $275,000 96 $275,000 96
$300,000 - $349,999 4 82 $320,625 $333,000 96 $341,500 94
$350,000 - $399,999 2 67 $379,250 $385,000 99 $387,450 98
$400,000 - $449,999 2 95 $437,000 $439,000 100 $452,000 97
$450,000 - $499,999 2 39 $470,355 $484,450 97 $484,450 97
$500,000 - $599,999 6 83 $563,167 $577,500 98 $585,833 96
$600,000 - $699,999 14 142 $633,286 $643,329 98 $649,743 98
$700,000 - $799,999 9 68 $769,278 $770,111 100 $767,889 100
$800,000 - $899,999 12 27 $856,881 $861,250 100 $860,417 100
$900,000 - $999,999 1 57 $901,555 $895,000 101 $895,000 101
Total Properties 63 71 $582,191 $590,466 98 $592,860 98
Source: MLSPIN, as of 02/10/2014
Total Sold - Needham, MA
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Units $335,000 - $799,000 8 25 548,250$
3 Units $515,000 - $515,000 1 21 515,000$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 8 42 573,313$
2005 10.697% 4 16 634,638$
2006 -5.360% 6 87 600,622$
2007 -13.978% 3 169 516,667$
2008 -9.281% 7 129 468,714$
2009 3.795% 3 37 486,500$
2010 12.025% 2 33 545,000$
2011 3.001% 7 35 561,357$
2012 6.973% 7 35 600,500$
2013 -9.316% 9 25 544,556$
Source: MLSPIN, as of 02/10/2014
Needham StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2013
Historical Average Sale Price - Past 10 Years
$573,313 $634,638
$600,622
$516,667 $468,714 $486,500
$545,000 $561,357 $600,500
$544,556
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$300,000 - $349,999 1 85 $335,000 $355,900 94 $379,900 88
$350,000 - $399,999 0 0 $0 $0 0 $0 0
$400,000 - $449,999 2 34 $431,500 $454,000 95 $454,000 95
$450,000 - $499,999 1 18 $470,000 $424,900 111 $424,900 111
$500,000 - $599,999 2 14 $522,500 $542,000 97 $542,000 97
$600,000 - $699,999 1 18 $600,000 $595,000 101 $595,000 101
$700,000 - $799,999 2 3 $794,000 $794,000 100 $794,000 100
Total Properties 9 25 $544,556 $550,644 99 $553,311 98
Source: MLSPIN, as of 02/10/2014
Total Sold - Needham, MA
Price Range
www.Dwell360.com [email protected]
617-299-1854
Dwell360 46 Austin Street Suite 302 Newton, MA 02460
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