Medfield Housing Market Statistics Overview
Medfield is where many of the other towns are at this point. Inventory is thin, and has been hanging around for a while, as Days on Market for active properties are up sharply, showing little new inventory coming on. Transactions are down, but so are inventories, and sales are still outpacing actives, showing that sellers are still pretty much in control in Medfield. There's some balance, but I don't see a lot of buyer leverage in Medfield - many sales are going through with little to none listing price negotiation.
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Short-sales and foreclosures are effectively unchanged, just worth noting that there are no foreclosures on the market for the second straight report. We really look very similar to last year's January report, except the days on market times are quite a bit higher than last year.
Medfield Housing Market Statistics - Raw MLS Data
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Buyers may need to sharpen their pencils for homes in Medfield - many sales are near listing prices. |
- There are 57 homes listed as For Sale (vs. 70 in the last Medfield Real Estate Report).
- There have been 66 houses sold in the last 6 months, and 38 homes sold in the last 3 months.
- There was an Average Market Time of 172 days (vs. 120) for just SOLD homes.
- There is an Average Market Time of 174 days of the homes For Sale.
- The Dollars paid per Square Foot in Medfield is $226 (vs. 234)
- There was an Average Sold Price of $622,807 for sold homes.
- Medfield has 0 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
- Medfield, MA has 4 properties advertised (vs. 4) as short sales required by lender .
- Medfield “Hot Seller Index” (HSI): 79 Last Report: 79
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
