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Single Family, Condominium, and Multifamily Homes
Year End 2014
Needham, Massachusetts
Market Repor t
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Bed $447,000 - $621,250 6 52 561,042$
3 Bed $395,000 - $1,870,000 90 33 708,148$
4 Bed $475,000 - $1,650,000 128 51 953,141$
5 Bed $500,001 - $2,599,000 67 77 1,309,215$
6+ Bed $560,000 - $2,305,000 9 161 1,482,889$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 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$
2013 11.758% 329 59 901,561$
2014 7.282% 300 55 967,217$
Source: MLSPIN, as of 01/15/2015
Needham Statistics
Average Sale Price - Number of Bedrooms - 2014
Historical Average Sale Price - Past 10 Years
Single Family Homes
$811,702 $768,865 $748,577 $785,675 $775,293 $805,643 $818,141 $806,708
$901,561 $967,217
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Single Family, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$350,000 - $399,999 1 13 $395,000 $349,000 113 $349,000 113
$400,000 - $449,999 1 136 $447,000 $460,000 97 $500,000 89
$450,000 - $499,999 5 61 $476,900 $503,400 95 $542,400 88
$500,000 - $599,999 27 37 $554,280 $563,981 98 $576,096 97
$600,000 - $699,999 39 43 $657,668 $649,285 102 $676,859 99
$700,000 - $799,999 46 33 $744,915 $738,333 101 $750,443 100
$800,000 - $899,999 49 44 $837,752 $831,898 101 $840,896 100
$900,000 - $999,999 21 30 $960,248 $966,121 100 $984,017 98
$1,000,000 - $1,499,999 90 72 $1,270,970 $1,280,327 100 $1,297,093 98
$1,500,000 - $1,999,999 18 107 $1,634,250 $1,652,661 99 $1,701,800 97
$2,000,000 - $2,499,999 2 269 $2,220,000 $2,262,000 98 $2,397,000 93
$2,500,000 - $2,999,999 1 13 $2,599,000 $2,599,000 100 $2,599,000 100
Total Properties 300 55 $967,217 $969,969 100 $988,885 99
Source: MLSPIN, as of 01/15/2015
Price Range
Total Sold - Needham, MA
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Bed $193,000 - $401,000 7 35 271,071$
2 Bed $209,000 - $699,000 23 39 409,477$
3 Bed $199,621 - $830,000 19 36 588,173$
4 Bed $690,000 - $930,000 18 57 869,381$
5 Bed $899,900 1 3 899,900$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 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$
2013 26.830% 63 71 582,191$
2014 -1.388% 68 42 574,110$
Source: MLSPIN, as of 01/15/2015
Needham StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2014
Historical Average Sale Price - Past 10 Years
$602,276
$476,815 $524,686
$559,465
$487,472 $482,635 $490,260 $459,033
$582,191 $574,110
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Condominiums, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$150,000 - $199,999 2 118 $196,311 $220,000 90 $225,000 87
$200,000 - $249,999 6 54 $234,833 $245,800 96 $247,317 95
$250,000 - $299,999 9 13 $272,778 $280,422 97 $280,422 97
$300,000 - $349,999 2 1 $306,500 $304,000 101 $304,000 101
$350,000 - $399,999 3 26 $372,500 $388,300 96 $394,833 94
$400,000 - $449,999 2 25 $409,750 $389,500 106 $389,500 106
$450,000 - $499,999 2 39 $490,900 $522,000 94 $522,000 94
$500,000 - $599,999 6 30 $538,667 $524,483 103 $526,150 103
$600,000 - $699,999 14 40 $654,477 $648,779 101 $649,779 101
$700,000 - $799,999 3 51 $722,554 $719,000 101 $719,000 101
$800,000 - $899,999 16 53 $872,264 $867,600 101 $872,100 100
$900,000 - $999,999 3 74 $910,842 $888,333 103 $888,333 103
Total Properties 68 42 $574,110 $573,057 100 $575,038 99
Source: MLSPIN, as of 01/15/2015
Total Sold - Needham, MA
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Unit $287,500 1 6 287,500$
2 Units $515,000 1 6 515,000$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 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$
2013 -9.316% 9 25 544,556$
2014 -26.316% 2 6 401,250$
Source: MLSPIN, as of 01/15/2015
Needham StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2014
Historical Average Sale Price - Past 10 Years
$634,638 $600,622
$516,667 $468,714 $486,500
$545,000 $561,357 $600,500
$544,556
$401,250
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$250,000 - $299,999 1 6 $287,500 $295,000 97 $295,000 97
$300,000 - $349,999 0 0 $0 $0 0 $0 0
$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 0 0 $0 $0 0 $0 0
$500,000 - $599,999 1 6 $515,000 $495,000 104 $495,000 104
Total Properties 2 6 $401,250 $395,000 101 $395,000 101
Source: MLSPIN, as of 01/15/2015
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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