August 29, 2011
Overall, the year has started out well. Per MLS data, there are currently 71 homes for sale in Needham. The average listing price is $1.13 million and the average days on the market are 148. This number is skewed somewhat by 24 homes that have been on the market for over 200 days. Over the last three months there have been 67 homes that have sold in Needham (per MLS). Based on this data, it will take about three months to work through the existing Needham inventory, which is relatively low. The average sale price over the last three months was $820,000, which is within 5% of the average listing price of $857,000.
There were nine homes that were on the market for a week or less. 64 Pinewood Road, 371 Great Plain Avenue and 43 Wilshire Park were all on the market for only three days.
A few homes that sold recently that did not hit MLS included: 54 Carol Road ($524,000), 67 Bond Street ($560,000), 107 Bird Street ($525,000) and 11 Thornton Road ($600,000).
Have a question? Let us hear from you!!