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Featured local agent — Needham, MA
Sarah Mitchell
Compass Real Estate · Needham, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Needham, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.61Mmedian sale price
How is the Needham, MA housing market right now?
The median home sale price in Needham, MA is $1.61M, down 0.6% year-over-year. Homes sell in an average of 20 days with 75 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Needham a buyer's or seller's market?
Needham, MA is currently a seller's market, based on 2.3 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
33
Last 12 weeks
Days on market
20
Fast-moving
Active listings
75
2.3 months supply
Sale-to-list
101.0%
Above asking
What does the Needham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.61M |
| Median list price | $1.77M |
| Year-over-year price change | -0.6% |
| Average days on market | 20 days |
| Active inventory | 75 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $547/sq ft |
| Homes sold (latest month) | 33 |
| New listings (latest month) | 51 |
| Listings with a price cut | 37.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Needham by property type?
How the Needham, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.65M | $547/sq ft | 27 | 20 days |
| Condo / Co-op | $500,000 | $554/sq ft | 1 | 119 days |
| Townhouse | $1.55M | $431/sq ft | 5 | 50 days |
Source: Redfin · Updated monthly
The Needham housing market is currently classified as a seller's market with a median sale price of $1.61M. Prices have fallen 0.6% compared to last year, with homes spending an average of 20 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Needham
There are currently 75 homes listed for sale in Needham, Massachusetts. The median listing price is $1.8M.
Active listings
75
Homes on market
Median list price
$1.8M
Avg. days on market
20
Days until sale
New this week
51
Newly listed
Who lives in Needham?
Population
32,059
Median income
$212,241/yr
Median age
43 years
Owner-occupied
84.3%
College grads
80.8%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Needham?
Zillow home value
$1.59M
Zillow rent index
$3,156/mo
Price-to-rent ratio
42.0x
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Needham?
Needham is a community of approximately 32K residents with a median age of 43 years.The median household income is $212,241, which reflects a relatively affluent area with strong earning potential. 80.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Needham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Needham?
8 schools tracked · 5,541 students
The largest public schools serving Needham, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Needham High
Grades 9-12 · 1,622 students
Pollard Middle
Grades 7-8 · 880 students
Newman Elementary
Grades PK-5 · 698 students
Sunita L. Williams Elementary
Grades K-5 · 531 students
Broadmeadow
Grades K-5 · 522 students
High Rock School
Grades 6 · 447 students
William Mitchell
Grades K-5 · 439 students
John Eliot
Grades K-5 · 402 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Needham, MA?
Want a head-to-head view? Compare Needham side-by-side with any other U.S. city using our market-comparison tool.
Is Needham a good real estate investment market?
For investors evaluating Needham, the price-to-rent ratio of 42.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Needham's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Needham's median home price.
Frequently asked questions
What is the average home price in Needham?
The median home sale price in Needham is $1.61M, down 0.6% from last year.
How long do homes stay on market in Needham?
Homes typically spend 20 days on market before going under contract.
What is the median income in Needham?
The median household income is $212,241 per year.
Is Needham a buyer's or seller's market?
With 2.3 months of supply, Needham is currently a seller's market.
What is the Zillow home value estimate for Needham?
The Zillow Home Value Index (ZHVI) for Needham is $1.59M, representing the typical home value in the area.
What is the median condo price in Needham?
The median condo/co-op sale price in Needham, MA is $500,000, compared to $1.65M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Needham?
The median single-family home price in Needham, MA is $1.65M (about $547 per square foot).
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