Needham MA Real Estate Trends: Demographics and Overall Market Health
Would you like to relocate to a quaint medium-size town in the state of Massachusetts? If this is one of your most important long-term goals, consider buying one of the many affordable Needham homes for sale or apartments for rent. The 5 neighborhoods comprised by this picturesque New England town will surprise you with excellent once-in-a-lifetime deals on the local Needham real estate market.
Worried that you may not like your new neighbors? This is definitely not the case. Needham is home to a community of urban sophisticates, fervent art lovers who are very fond of the finest things in life. This town counts 10,341 households, 28,886 people and 28,886 people, according to the data provided by the 2010 census. More than 92% of the residents are white, almost 1.5% African American and 7.1% Asian. This welcoming community represents only one reason why you should hurry up to find the perfect Needham apartments for rent or homes for sale tailored to your specific necessities and demands.
Needham MA Real Estate Market Trends
The local real estate market is healthy and provides plenty of attractive opportunities to rent or buy a new roof over your head. The median home value in this town is estimated at $756,500. The value of the Needham homes has witnessed a 6.8% increase, compared to the numbers recorded last year. According to predictions made by Zillow, the median value is not expected to record a fall throughout this year. The median list price calculated per square foot is $378 and exceeds the overall Boston Metro average of $227. The median price of Needham homes for sale is $939,000, while the median price of the properties that have already been sold is in the $820,000 range. The median Needham rent price is $2,745. This value exceeds the one associated with the Boston Metro area estimated at $2,300 per month. In this town only 0.6% homes (per 10,000) are currently foreclosed and only 1.8% are delinquent on mortgage. With a rating of 7.6/10, the Needham MA real estate market appears to be healthy and quite inviting. If you have enough money in the bank to relocate, don’t hesitate to get the keys to one of the best well-established Needham apartments or homes for sale that are still vacant.