Medfield Housing Market Statistics Overview

We have Medfield crashing back to earth in this report. After some fairly stunning numbers in the last report, the number of homes sold has cratered - down 50%. That type of buyer demand softening shows up in the other numbers as well, with average days on market up from 102 to 120, we see that sellers are waiting longer.

 

Now, the market is a far cry from a buyers market. It's quite likely that the rush on sales ate up all the best inventory, and the homes that are left are searching for the prices that they will sell at. The number of sales on the market is actually DOWN, so there's not much choices or new options, a trend we've seen throughout the reports this month. Also, I see a huge number of homes in pending - meaning the next report could be surprisingly robust.

Find Your Next Home or Check out the Competition! 

 

Sellers should be getting ready for a good year next year, and buyers should be aware that January is not too early to start looking in Medfield.

 

Medfield Housing Market Statistics - Raw MLS Data

 

 

  • There are 70 homes (vs. 74 in the last Medfield Home Sales Report) listed as For Sale.
  • There have been 86 houses sold (vs. 88) in the last 6 months, and 34 homes sold (vs. 65) in the last 3 months.

 

The house market may not look red hot, but

it's still simmering in Medfield

 

  • There was an Average Market Time of 120 days (vs. 102) for just SOLD homes.
  • There is an Average Market Time of 168 days of the homes For Sale.
  • The Dollars paid per Square Foot in Medfield is $234
  • There was an Average Sold Price of $595,852 for sold homes.
  • Medfield has 0 properties advertised as lender owned (typically foreclosure) .
  • Medfield has 4 properties advertised as short sales required by lender .
  • Medfield “Hot Seller Index”: 79 Last Report: 94

 

 

*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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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.