Medfied, MA Properties for Sale Update on Market Conditions

By
Real Estate Agent with Century 21 American Properties 9051300

Medfield MA Update by Remax Executive Realty 14 North Meadows Road Medfield MA 02052 

This Medfield MA real estate market update is provided by Michael Mahoney  of Remax Executive Realty | Homes in Medfield Mass.

As you look at the number of Medfield Massachusetts homes sold in 2014 it shows a very small decline in the number of sales. In 2013, there were 143 compared to 141 closed sales in 2014 in Medfield Ma. This is a 1.4% decrease in the number of sales.  The median closed sales prices increased by by 6.7% in 2014.  This was good for people selling homes in Medfield, MA.

Another statistic that worked in the homeowners favor for 2014 was that it was taking 6 less  days to sell a home in Medfield.  In  2014, there were 202 properties put up for sale in Medfield, MA. In 2013, there were 189. This is a 7% year over year increase in the number of new properties put up for sale in Medfield.

The average number of days until an offer was received was only 49 days. The average sales price of the 143 closed sales was $682,000. The average price per square foot on a sold home was $257. Each sale will be different based on the 5 factors that will cause a house to sell.  

A good percentage of real estate sales here are luxury Medfield homes which increase the average home sale price.  There was one luxury sale in Medfield Mass in December 2014.  

Fourteen Medfield Homes Sold over 1 million in 2014

81 Medfield Mass Homes Sold Between $500,000 & $999,999
 

46 Medfield Homes Sold for Under 500k

There are five factors that cause homes to sell in Medfield Ma. Here is the list of items that will cause a home to sell. In another blog post, I will prepare a more detailed analysis of each of the 5 factors.

  1. Condition

  2. Price

  3. Competition

  4. Mortgage Rate

  5. Marketing by the Agent

Home sales here for the month of December are down by 43% over the prior month and pending home sales are equal to the prior month. 

 

What does this Medfield offer home buyers?  It has stunning, well maintained homes in quiet neighborhoods with great schools and easy access to Boston. Despite being so close to Boston, the town offers amazing pastoral areas that make it seem like you are really in the country. 

Here are the Medfield, MA January 2014 home sales update for the month, as follows:

  • Properties active and on the market61 
  • Single-family properties closed in Medfield for January  2015: 10
  • Average sales price: $655,233 
  • Sales price to list price ratio: 99%
  • Average days on the market: 69 
  • Sales currently pending: 15

 

  • Breakdown of the 10 Medfield MASS January home sales is as follows for the month: 3 homes sold under $500,000. The other 6 homes sold over $500,000. The highest priced sale in Medfield for January 2015 was $877,500. 

Looking for a Medfield MA buyer's agent? Michael Mahoney knows the local South of Boston - 109 corridor residential real estate market inside out.

Call me today at (617)980-9025

 

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Michael Mahoney is your go to  Medfield Massachusetts residential and luxury Realtor® for homes in Greater Boston and the Southwest suburbs of Boston. Michael knows the geographic area, schools, happenings and important tidbits of local information. Email him  at mike@mmahoney.com or call him at (617)980-9025 to make an appointment to discuss your real estate needs.

Remax Executive Realty
14 North Meadows Road
Medfield, MA 02052
(617)980-9025
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