Is Natick, 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, Natick has remained a Seller's Market.
Key Takeaway
Natick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Natick, MA
How much do homes in Natick, MA cost?
Median Sold Price
$856,500
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Natick have sold for 7% more than they did a year ago.
Summary: The median home sold price in Natick was $856,500 in April 2024, up 7% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $281.5K | $323K | +14.7% |
| 2 Bedrooms | $564K | $597.5K | +5.9% |
| 3 Bedrooms | $715K | $778.7K | +8.9% |
| 4 Bedrooms | $1.0M | $1.0M | +3.7% |
| 5+ Bedrooms | $1.4M | $1.6M | +10.3% |
Summary: Natick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Sherborn | $1.1M | $1.2M | +11.4% |
| Natick | $800.8K | $856.5K | +7.0% |
| Framingham | $596.3K | $635.6K | +6.6% |
| Wellesley | $1.8M | $1.9M | +4.7% |
| Dover | $1.7M | $1.8M | +4.3% |
Housing Supply in Natick, MA
How many homes are available in Natick, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 114 | +17.5% |
Summary: The Natick real estate market had 114 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 26 | 32 | +23.1% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Natick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 35 | +40.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Natick, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Natick in April 2024, up by 40.0% month-over-month. Of the 35 sold homes, 40% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for Natick, MA
How long does it take to sell a home in Natick, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 31 Days | -39.8% |
Summary: Homes in Natick had an average of 31 days on market in Apr 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Natick are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Natick; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
