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Dwell360 has published this report on the residential real estate market statistics for 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, and 2003 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 2012
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Bed $337,500 - $600,000 14 39 419,111$
3 Bed $315,000 - $930,000 120 70 569,654$
4 Bed $387,000 - $2,260,000 139 107 867,682$
5 Bed $600,000 - $1,750,000 52 165 1,194,385$
6 Bed $488,500 - $2,600,000 11 139 1,282,901$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 319 69 631,774$
2004 19.875% 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$
Source: MLSPIN, as of 01/25/2013
Needham Statistics
Average Sale Price - Number of Bedrooms - 2012
Historical Average Sale Price - Past 10 Years
Single Family Homes
$631,774
$757,341 $811,702
$768,865 $748,577 $785,675 $775,293 $805,643 $818,141 $806,708
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Single Family, 1/1/2012 - 12/31/2012
# 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 4 76 $330,625 $355,975 93 $377,100 88
$350,000 - $399,999 6 71 $366,250 $395,298 93 $398,965 92
$400,000 - $449,999 19 101 $425,218 $450,921 94 $678,132 86
$450,000 - $499,999 19 93 $474,832 $495,495 96 $504,984 94
$500,000 - $599,999 65 83 $550,350 $566,298 97 $581,318 95
$600,000 - $699,999 56 56 $648,299 $661,678 98 $674,278 97
$700,000 - $799,999 35 78 $742,436 $756,519 98 $774,986 96
$800,000 - $899,999 29 78 $830,266 $847,493 98 $867,200 96
$900,000 - $999,999 17 146 $949,283 $977,191 97 $1,018,765 94
$1,000,000 - $1,499,999 76 150 $1,238,208 $1,279,010 97 $1,312,754 95
$1,500,000 - $1,999,999 8 231 $1,648,850 $1,760,375 94 $1,973,500 86
$2,000,000 - $2,499,999 1 25 $2,260,000 $2,299,000 98 $2,299,000 98
$2,500,000 - $2,999,999 1 318 $2,600,000 $2,749,900 95 $2,749,900 95
Total Properties 336 101 $806,708 $832,278 97 $869,420 94
Source: MLSPIN, as of 01/25/2013
Price Range
Total Sold - Needham, MA
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Bed $140,000 - $324,800 8 44 193,600$
2 Bed $200,000 - $487,500 18 129 332,739$
3 Bed $362,500 - $698,000 16 130 561,453$
4 Bed $680,000 - $758,402 11 115 709,763$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 34 54 411,127$
2004 11.953% 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$
Source: MLSPIN, as of 01/25/2013
Needham StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2012
Historical Average Sale Price - Past 10 Years
$411,127 $460,271
$602,276
$476,815 $524,686
$559,465
$487,472 $482,635 $490,260 $459,033
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Condominiums, 1/1/2012 - 12/31/2012
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$100,000 - $149,999 1 21 $140,000 $170,000 82 $170,000 82
$150,000 - $199,999 4 64 $164,750 $168,000 98 $168,000 98
$200,000 - $249,999 8 158 $218,688 $230,363 95 $245,988 90
$250,000 - $299,999 1 49 $298,000 $309,000 96 $309,000 96
$300,000 - $349,999 4 49 $324,450 $332,450 98 $338,450 96
$350,000 - $399,999 4 97 $364,950 $368,200 99 $375,304 97
$400,000 - $449,999 2 161 $446,250 $464,950 96 $472,450 94
$450,000 - $499,999 8 157 $463,688 $481,100 96 $494,088 94
$500,000 - $599,999 2 70 $561,000 $569,000 99 $604,000 93
$600,000 - $699,999 14 113 $665,089 $677,250 98 $691,536 96
$700,000 - $799,999 5 108 $737,880 $737,000 100 $761,000 97
Total Properties 53 114 $459,033 $469,428 97 $482,378 95
Source: MLSPIN, as of 01/25/2013
Total Sold - Needham, MA
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Units $345,000 - $651,000 4 44 515,875$
3 Units $485,000 - $800,000 2 30 642,500$
4 Units - - - -$
5 Units - - - -$
6 Units $855,000 - $855,000 1 5 855,000$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 7 60 542,404$
2004 5.699% 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$
Source: MLSPIN, as of 01/25/2013
Needham StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2012
Historical Average Sale Price - Past 10 Years
$542,404 $573,313
$634,638 $600,622
$516,667 $468,714 $486,500
$545,000 $561,357 $600,500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, 1/1/2012 - 12/31/2012
# 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 69 $345,000 $369,900 93 $379,000 91
$350,000 - $399,999 0 0 $0 $0 0 $0 0
$400,000 - $449,999 0 0 $0 $0 0 $0 0
$450,000 - $499,999 1 11 $485,000 $499,999 97 $499,999 97
$500,000 - $599,999 2 40 $533,750 $554,000 96 $554,500 96
$600,000 - $699,999 1 28 $651,000 $639,000 102 $639,000 102
$700,000 - $799,999 0 0 $0 $0 0 $0 0
$800,000 - $899,999 2 27 $827,500 $799,500 104 $794,500 104
Total Properties 7 35 $600,500 $602,271 99 $602,286 99
Source: MLSPIN, as of 01/25/2013
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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