Needham, MA Norfolk County, Real Estate Market Report 11/30/2011

There were 9 homes that closed in November of 2011.

There were 18 homes sold in November 2010.

The Average list price for the homes that closed in Needham for November 2011 was $885,656

 The Average list price for the homes that closed in Needham for November of 2010 was $877,550

The Average sale price for the homes that closed in Needham for November of 2011 was $861,500

The Average sale price for the homes that closed in Needham for November of 2010 was $833,389

 The Average Market time for the homes that closed in Needham in November of 2011 was 145 days.

The Average Market time for the homes that closed in Needham in November of 2010 was 80days.

There are 119 single family homes on the market as of this moment.

The average list price is $999,900 with the average days on market of 154

Median Price for on market homes 1,224,791

Needham has lots of home in the $500,000 to $800,000 range.

There are 44 homes on the market between $1,000,000 and $1,499,999

Lowest price $373,000

Highest price $18,000,000 – 29 acres and the home to be built will be an English Manor

So half the amount of home sold in 2011 versus 2010 with a 1 % increase in the list price and an increase of 3% in sales price for that November period