Massachusetts Home Buyer Guide

The median price of a single-family home in Medfield, Massachusetts jumped 42.3 in August 2015 to 754,000 compared with $529,900 in August 2014, according to data compiled by the Massachusetts Association of Realtors. From January through August, the median home price was $681,000, a 6.8 percent increase from $637,500 during the same time frame in 2014. On average homebuyers paid 96.6 percent of the original list price in August and during the first eight months of 2015.

Single-family home sales declined from 19 in August 2014 to 18 this past August. Pending sales – home under agreement that have yet to close – declined from nine to six. Through August home sales increased 9.5 percent to 115 from 105 during the same eight-month period last year. Pending sales through August increased to 116 compared to 106 during the same period in 2014.

The number of single-family homes on the Medfield real estate market declined 12.8 percent to 41 houses available compared to 47 in August 2014. The months supply of inventory in August decreased 13.2 percent to 3.2 months from 3.8 months in August 2014. New listings declined to 12 from 17 new listings in August 2014.

There were just three condominiums sold in August 2015, with a median price of $345,000. There were not any condos sold in Medfield in August 2014. Through August there were 16 condo units sold compared to 11 during the same time frame last year. The median condo price through August was $402,500, a 5.9 percent increased from $380,000. Homebuyers paid on average 96.3 percent of the original list price in August and 98.3 percent of the original list price through August.

Condominium inventory declined by one to eight available units, which translated into 4.0 months supply of inventory. There were not any new condo listings in Medfield in August.