Analysis of Medfield Housing Market Statistics
Popular Medfield has taken a huge jump in the Hot Seller Index, but the market is probably a little more mixed than the number appears. First off, the good news: Days on market for SOLD homes dropped like a stone, to just over 100 days, the sure sign of a hot market. The active property dropped, and the sales are up - with the last three months, as we've seen in other towns, really achieving a big number. However, the active properties have been on the market 150+ days on average now, and that means many sellers will be contemplating price reductions. Especially in the Luxury market - in the under 650K part of Medfield, not much to see, but the average list price of the homes for sale is well above 800K. Luxury home owners, your market does not have enough buyers, so make sure you are well positioned when one comes through town. There's been just 11 sales over 800 in the last six months - and there's 25 properties on the market in that price range. Buyers in that price point should be aggressive negotiators, and be careful of valuation concerns.
Show Me Medfield, MA Homes for Sale
Medfield Housing Market Statistics - Raw Data
- There are 74 homes listed as For Sale (vs. 93 in the last Medfield Home Sales report).
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Home Buyers won't likely find deals in Medfield under $700K. |
- There have been 88 houses sold (vs. 66) in the last 6 months, and 65 homes sold (vs. 48) in the last 3 months.
- There was an Average Market Time of 102 days (vs. 128) for just SOLD homes.
- There is an Average Market Time of 151 days of the homes For Sale.
- There was an Average Sold Price of $606,210 for sold homes.
- Medfield, MA has 0 properties advertised as lender owned (typically foreclosure) .
- Medfield, MA has 4 properties advertised as short sales required by lender .
- Medfield, MA “Hot Seller Index”: 94 Last Report: 80
*All statistics are for Single Family Homes.
Read my Explanation for Massachusetts Home Data Reports.
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Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
