Needham, MA Real Estate Market Report
The Average Sold Price range for single family homes sold in May 2009 was $ 697,677
The Average Sold Price range for single family homes sold in May 2010 was $ 880,064
The Median Price range for single family home sold in May 2009 was $567,000
The Median Price range for single family home sold in May 2010 was $725,000
The Highest Price for Sold single family homes in May 2009 was $1,400,000
The Highest Price for Sold single family homes in May 2010 was $2,195,000
Total Market Volume in May 2009 was $18,139,601
Total Market Volume in May 2010 was $29,042,100
Average Days on Market in May 2009 was 64 days
Average Days on Market in May 2010 was 74 days
The number of sold single family homes in May 2009 was 26
The number of sold single family homes in May 2010 was 33
In May of 2009 the selling price to list price was 95%
In May of 2010 the selling price to list price was 98%
In May of 2009 the selling price to original price was 93%
In May of 2010 the selling price to original price was 96%
So overall there was more volume, more home sold, high average and median price range homes sold in 2010 over 2009. The days on market did increase in 2010. A positive market I would say in comparison to last year at the same time. The luxury market sales this month increased as well. In the luxury market between $1,000, 000 and 1.499,999 6 single family homes sold this month compared with last year for the same time period 5 single family luxury homes in that price range sold.
