The Medfield Homes For Sale Market Report

I like doing these reports, because there's almost always something I haven't seen before, or is odd, or illuminating, or just interesting. this report on Medfield is no different.

 

First the chart. Guess what? It shows a decline in the houses for sale available and a big rise in sales, indicating the buyers are not in control in Medfield. Not much of a shock, we're seeing that everywhere.

 

 

Note: The chart above updates automatically with each new post, so make sure the comments you are reading line up with the time the post was published.

 

Let's take a closer look at the data. I just remarked on Marlborough stunning $11/sq foot rise in price in one report cycle. So imagine my surprise when I see that Medfield has jumped $25 a sq foot - almost 10%. There's going to be a lot of talk of a bubble (by ME, among others) if prices in all the towns jumped 10% this spring.  10% is too much, too fast - that tells me that buyers aren't doing a good job of assessing their options.  That wasn't the only thing I noticed though.

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What I also noticed was that the average price of a home in Medfield that is on the market is OVER 1 Million dollars.  With an average sale of $622K in this report, but the average list price at 1M+, that tells you the low end has been cleaned out. Bargain hunters - move on - deals in Medfield are out.

 

Medfield Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • There are 48 homes listed as For Sale in Medfield .
  • There have been 105 houses sold in the last 6 months, and 84 homes sold in the last 3 months.

    Medfield has home buyers knocking,

    but many are not finding what they want

    unless they pay top dollar.
  • The Average number of Days on Market was 103 days for just SOLD homes.
  • There is an Average Market Time of 140 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $252 (vs. $227 )
  • There was an Average Sold Price of $622,577 for sold homes.
  • Medfield ,MA, has 1 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
  • Medfield has 0 properties (vs. 0 in the last report) advertised as a short-sale is going to be needed by lender .

 

Medfield “Home Seller Index” (HSI):125 Last Report:85

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.