The Medfield Homes For Sale Market Report

Medfield has had a good spring, with prices reaching new highs here on the blog. Let's take a look at chart, and a deeper dive into the data.

Can’t see the chart? You can find it Here .

First note is that the Medfield HSI has eeked out it's best number, at 129. But I don't think it will last, as the number of homes for sale in Medfield is starting to creep up. This is a trend we're seeing in almost every report, showing that the supply/demand imbalance is being sorted out by the rise in prices.

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We will probably be seeing more HSI under 150 across the board, as the super-heated towns return to earth.

 

 

What should active home buyers do in Medfield?

Home buyers should be a little wary. The prices have jumped quite a it, and what's left is no value. Buyers under 600 are going to have an extremely tough slog, as that part of the market is going to be full of fairly desperate buyers. If you can get above 850, things smooth out a bit.  If you look at the chart below, Medfield has often had prices pull back in the winter, so there could be some opportunities this winter. (Note the low are between march and may, which look back six months of sales. (Nov-April).

 

 

What should potential home sellers do in Medfield ?

With prices at their highs in years, it's a good time to be out there. There's still competition, but with an average time on market of just 80 days, sellers aren't waiting very long to find out if their price is right - many homes are gone in 10 days or less.

 

 

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

 

  • Medfield‘s “Home Seller Index” (HSI): 129 Last Report: 137
  • There are 49 homes listed as For Sale.
  • There have been 113 houses sold in the last 6 months, and 65 homes sold in the last 3 months in Medfield.
  • The Average number of Days on Market was 80 days for just SOLD homes.
  • There is an Average Market Time of 97 days of the Medfield For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $261 (vs. $240 )
  • Current sellers are looking for $275/sq foot
  • There was an Average Sold Price of $713,505 for sold homes.
  • Medfield, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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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.

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