Is Medfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Medfield has remained a Seller's Market.
Housing Prices in Medfield, MA
How much do homes in Medfield, MA cost?
Median Sold Price
$890,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medfield was $890,000 in April 2024, down 2.7% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $295.1K | +15.7% |
2 Bedrooms | $563.5K | $570K | +1.2% |
3 Bedrooms | $742.5K | $800K | +7.7% |
4 Bedrooms | $1.0M | $969K | -7.2% |
5+ Bedrooms | $1.2M | $1.5M | +19.4% |
Summary: Medfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 19.4%.
Housing Supply in Medfield, MA
How many homes are available in Medfield, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Summary: The Medfield real estate market had 41 homes for sale in April 2024, a 32.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 8 | 16 | +100.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Medfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Medfield in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.
Days on Market for Medfield, MA
How long does it take to sell a home in Medfield, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 16 Days | -55.8% |
Summary: Homes in Medfield had an average of 16 days on market in Apr 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Medfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.