The Needham housing market is very competitive. Homes in Needham receive 2 offers on average and sell in around 14 days. The median sale price of a home in Needham was $1.5M last month, up 51.7% since last year. The median sale price per square foot in Needham is $506, up 3.7% since last year.
In April 2024, Needham home prices were up 51.7% compared to last year, selling for a median price of $1.5M. On average, homes in Needham sell after 14 days on the market compared to 17 days last year. There were 26 homes sold in April this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,500,500
+51.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Needham, MA
$1,500,500
+51.7%
United States
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How hot is the Needham housing market?
Needham is very competitive. Homes sell in 13 days.
0
100
89
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 13 days.
Hot homes
can sell for about 10% above list price and go pending in around 6 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Needham
Explore recent offers and recently sold homes in Needham
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Needham housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Needham.
Risk Factor
Flood Factor - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Needham has a moderate risk of flooding. 833 properties in Needham are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Needham. Flood risk is increasing slower than the national average.
70% of properties are at risk of wildfire over the next 30 years
Fire Factor
Needham has a moderate risk of wildfire. There are 6,848 properties in Needham that have some risk of being affected by wildfire over the next 30 years. This represents 70% of all properties in Needham.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Needham has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Needham is most at risk from hurricanes. 9,772 properties in Needham have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 92 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.