Condo Foreclosures in Needham, MA 02492

Current Market Conditions in Needham, MA

The real estate market in Needham is currently competitive, with growing demand for homes driven by families seeking top-notch schools and a safe suburb near Boston. Housing prices have been on an upward trend as more buyers are attracted to the area, leading to multiple offers on many listings. Inventory remains low, which contributes to the overall demand and price increases.

Recent market data indicate that homes in Needham are selling above asking price in many cases, showcasing the desirability of the community. The low interest rates have encouraged more buyers to enter the market, while sellers are taking advantage of favorable conditions to list their homes.

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.