Needham, MA is a desirable location with an impressive housing market. The median value of houses in Needham is currently $1,269,500 - significantly higher than the national median value of $338,100. This indicates that the housing market in Needham is more expensive than other locations. Additionally, there has been an impressive 16.14% increase in value over one year - much higher than the 8.27% rate for all US households during that time period. This shows that the housing prices have been rising quickly and steadily over time in Needham, making it an attractive option for potential home buyers and investors alike.
The median home cost in Needham is $1,269,500. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Needham is up 10.8%.
Average Age of Homes
- The median age of Needham real estate is 60 years old
The Rental Market in Needham
- Renters make up 17.1% of the Needham population
- 0.4% of houses and apartments in Needham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.