Short Sale Listings in Needham, MA

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Home Value Estimator For Needham, MA

There are currently 9,632 real estate properties in Needham, MA, with a median automated valuation model (AVM) price of $1,260,359.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Needham, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Needham, MA, is $1,407,140.00, with the most expensive house in Needham, MA, topping out at $18,492,500.00 and the cheapest home in Needham, MA, clocking in at $15,070.00. In other words, there’s something for every potential homebuyer or savvy investor in Needham, MA!

Rent Prices In Needham, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Needham, MA, is on a rollercoaster ride. The average rent price in Needham, MA, is $3,407.00. Indeed, when looking to rent in Needham, MA, you can expect to pay as little as $1,270.00 or as much as $5,000.00, with the average rent median estimated to be $3,380.00. The good news is that finding an affordable and desirable property to rent in Needham, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Needham, MA In 2024

Needham is located in Norfolk, Massachusetts, with an estimated municipal population of 30,970 residents. All of the best foreclosed homes for sale in Needham are located in the following zip code areas on 02492 02494. The estimated population per square kilometer (.62 miles) in Needham is 972.

Cost Of Living In Needham, MA

So, about how much do homes cost in Needham? The most recent median value of resident-owned homes in Needham is 855,982. An estimated 83.9 percent of households in Needham own their homes, with an average family size of 3.23. The median household income in Needham is 165,547, with70 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Needham, the median commute time of resident workers (in minutes) is 32.2. And last, but certainly not least, are you looking for homes to rent in Needham? If so, the average rent price paid by renters in Needham is 1,483, according to recent statistics.

Diversity And Demographics In Needham, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Needham, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Needham is 43.5, split between 48 percent male versus 52 female. The percentage of residents who report being married in Needham is 66.1, with an average family size of 3.23.

The percentage of residents who report their race in Needham is as follows:

White 85.3%
Black / African American 2.9%
Asian 8.9%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.4%
Other 0.5%

Looking for family-friendly neighborhoods in and/or near Needham? Or maybe you are searching for 55+ active adult communities in and/or near Needham?

The percentage of residents who report their age in Needham is as follows:

Under 10 13.3%
Aged 10-19 16%
20s 6.4%
30s 10.1%
40s 13.9%
50s 15.3%
60s 11.6%
70s 7.7%
80+ 5.8%

Best Schools In Needham, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Needham with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Needham.

Pros And Cons Of Living In Needham, Massachusetts

How do you know that living in -- or moving to -- Needham is right where you need to be? Perhaps you grew up in Needham or already live nearby; therefore, the decision to buy a home in Needham is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Needham for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Needham:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Needham.

Reasons To Move To Needham, Massachusetts, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Needham can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Needham, meanwhile, can field multiple offers from more qualified buyers.

Needham, MA Short Sale Listings


Listing types in Needham, MA

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