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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