Needham Real Estate Market Report August 2014

By
Real Estate Agent with Realty Executives Boston West 113011

 

Needham Real Estate Market Report August 2014

 

 

 

In August of 2014 there were 35 homes that closed within the month for Needham MA Real Estate. This is an decrease of 3 units, as there were 38 homes that closed in August of 2013. 

 

The Average list price for the homes that closed in August 2013 was $890,126

 

The Average list price for the homes that closed in August of 2014 was $854,926

 

The Average sale price for the homes that closed in August of 2013 was $887,702 (100% list price)

 

The Average sale price for the homes that closed in August of 2014 was $856,816 (101% list price)

 

The Average Market time for the homes that closed in August of 2013 was 23 days

 

The Average Market time for the homes that closed in August of 2014 was 45 days.

 

Highest Price 2013 $1,480,000

 

Highest Price 2014 $ 1,640,000

 

98 homes on the market as of this moment in time with an average price of $1,395,417

 

In Needham, MA there are 2 zip codes Needham is 02492 and Needham Heights is 02494 and this is the breakdown in each.

 

Sales have fallen to 14 homes sold over the last 30 days in the 02492 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 31 for the same period. Potential buyers should note that prices went up in the 02492 zip code, with the median for this period rising from $745,500 to $759,250.

 

The number of homes coming into the 02494 zip code market shot up to 19 listings over the last 30 days, while sales remained right where they were as once again 22 homes were sold over the same period. The median sales price dropped to $741,500, extending an eight-week long spiral. Despite the falling prices, a relatively low two months of inventory indicates that the 02494 zip code is still a solid seller's market. *Posted Homesnap 9012014

 

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