Medfield, MA

Medfield is a town in Norfolk County, Massachusetts, United States. The population was 12,024 according to the 2010 Census. Medfield is an affluent community about 17 miles southwest of Boston, Massachusetts, which is a 45 minute drive to Boston's financial district. Attractions include the Lowell Mason house, Hinckley Pond and the Peak House. The territory that Medfield now occupies was, at the time of colonization, Neponset land. It was apparently sold by the Neponset leader Chickatabot to William Pynchon in the late 1620s. In 1633, however, Chickatabot died in a small poxepidemic that decimated nearby Neponset, Narragansett and Pequot communities. Because Chickatabot and Pynchon's deal left no written deed, the Massachusetts General Court ordered "those Indians who were present when Chickatabot sold lands to Mr. Pynchon, or who know where they were, to set out the bounds thereof". Fifty years later, Chickatabot's grandson Josias Wampatuck brought a land claim against Medfield and the other towns created within the borders of the Chickatabot purchase, for which he received payment. Of those lands, Dedham was the first town formed.

Medfield, MA - Single Family Properties

 
Medfield
  • Unit sales are up 42.9% to 10.
  • Inventory in November was 55. This is up 27.9% from 43 in November of 2013.
  • Days on market is down by 48.0%.
Nearby Areas You May Be Interested In
  • Median price in Southborough is up by 63.5%.
  • Unit sales in Milton are down 70.6% to 10.
  • Unit sales in Sharon in November were 7. This is down 65.0% from 20 in November of 2013.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 25 -10.7%
Median Sale Price $510,000 -13.2%
Inventory 61 22.0%
Months of Supply 5.2 16.7%
Market Time (Days) 90 1.1%
New Listings 50 16.3%
Listings Under Contract 30 -3.2%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Sales to List Price Ratio 97.0% 1.3%
Price per Sq Ft for Sold $243 6.5%
 
Sales
There were 10 unit sales in November. This is up 42.9% from 7 in November of 2013. Sales/list price ratio in November moved up to 98.1% from 95.3% in October.

Prices
Median price in November was $570,000. This is down 6.6% from $610,000 in November of 2013. 3-month median price of $510,000 in November was down a little from $526,250 in October and down modestly from $587,500 in November of 2013. Price per square foot in November was $243. This is down from $250 in October but up from $207 in November of 2013.

Inventory
Inventory of 55 in November was down 20.3% from 69 in October but up 27.9% from 43 in November of 2013. New listings of 6 in November were way down from 22 in October and down considerably from 11 in November of 2013. Months of supply of 4.6 in November was down moderately from 5.9 in October but up somewhat from 3.8 in November of 2013.

Market Time
Days on market of 78 in November was down a little from 92 in October and down substantially from 150 in November of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 14.20%
Franklin 12.50%
Norwood 12.03%
Wellesley 9.78%
Milton 9.00%
Randolph 8.75%
Medfield 8.55%
Weymouth 8.30%
Quincy 7.14%
Medway 6.76%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Medfield, MA - Single Family Properties

August Headlines
Medfield
  • Unit sales are up by 46.2%.
  • Days on market is up 65.7% to 58.
  • Price per square foot in August was $234. This is down 14.0% from $272 in August of 2013.
Other Towns In Norfolk County
  • Months of supply in Franklin in August was 4.1. This is up 76.4% from 2.3 in August of 2013.
  • Inventory in Franklin is up by 71.2%.
  • Unit sales in Wellesley are down 37.5% to 30.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Sales to List Price Ratio 97.4% -0.5%
Inventory 53 1.9%
Price per Sq Ft for Sold $251 -0.5%
New Listings 49 6.5%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 64 12.3%
Median Sale Price $638,750 7.8%
Months of Supply 4.5 -6.8%
Market Time (Days) 67 -14.1%
Listings Under Contract 41 41.4%
 
Sales
There were 19 unit sales in August. This is up 46.2% from 13 in August of 2013. Sales/list price ratio in August moved down to 96.3% from 98.8% in July.

Prices
Median price in August was $529,900. This is down 6.2% from $565,000 in August of 2013. 3-month median price of $638,750 in August was down slightly from $683,500 in July but up a little from $592,500 in August of 2013. Price per square foot in August was $234. This is down from $270 in July and down from $272 in August of 2013.

Inventory
Inventory of 51 in August was up 2.0% from 50 in July but down 1.9% from 52 in August of 2013. New listings of 17 in August were up substantially from 12 in July and up somewhat from 14 in August of 2013. Months of supply of 4.2 in August was down a little from 4.3 in July and down modestly from 4.7 in August of 2013. This is the lowest months of supply has been since March, 2014.

Market Time
Days on market of 58 in August was up slightly from 49 in July and up considerably from 35 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Brookline 15.91%
Franklin 12.00%
Norwood 11.42%
Canton 10.94%
Medfield 10.87%
Wellesley 10.68%
Weymouth 8.70%
Medway 8.39%
Norfolk 8.26%
Quincy 8.19%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Medfield, MA - Single Family Properties

July Headlines
Medfield
  • Days on market is down by 36.4%.
  • 3-month median price is up 17.7% to $683,500.
  • 3-month unit sales in July were 60. This is up 7.1% from 56 in July of 2013.
Other Towns In Norfolk County
  • Unit sales in Dedham in July were 25. This is down 50.0% from 50 in July of 2013.
  • Inventory in Brookline is down by 28.6%.
  • Days on market in Franklin is up 133.3% to 84.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Inventory 55 7.8%
New Listings 66 1.5%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 60 7.1%
Median Sale Price $683,500 17.7%
Sales to List Price Ratio 97.8% 0.3%
Months of Supply 4.7 -1.3%
Market Time (Days) 75 -10.7%
Price per Sq Ft for Sold $265 3.9%
Click here to see monthly and longer-term averages.


Sales
There were 25 unit sales in July. This is up 8.7% from 23 in July of 2013. On a year-over-year basis, unit sales have been rising for 5 months. Sales/list price ratio in July moved up to 98.8% from 96.8% in June.

Prices
Median price in July was $677,000. This is up 9.5% from $618,000 in July of 2013. 3-month median price of $683,500 in July was up just slightly from $655,000 in June and up slightly from $580,500 in July of 2013.

Inventory
Inventory in July was 52, unchanged from the same month last year. New listings of 12 in July were way down from 20 in June but up a little from 11 in July of 2013. Months of supply of 4.4 in July was down modestly from 5.1 in June and down slightly from 4.7 in July of 2013.

Market Time
Days on market of 49 in July was down considerably from 97 in June and down substantially from 77 in July of 2013. This is the lowest days on market has been since September, 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Norfolk County Ranked by Best Performance
Town % Change
Canton 17.85%
Weymouth 13.56%
Norwood 12.68%
Franklin 12.53%
Medfield 12.28%
Brookline 11.89%
Wellesley 11.40%
Milton 9.00%
Stoughton 8.77%
Medway 8.11%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Listings
    photo.aspx?mls=71998980&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    5.5 Bath

    6,700SqFt

    331 North St,
    Medfield, MA 02052

    $4,800,000

    Listed ByLandVest, Inc.

    MLS® #71998980 MLS® # 71998980 (Active)
    photo.aspx?mls=72061838&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    6.0 Bath

    7,271SqFt

    25 Orchard St,
    Medfield, MA 02052

    $2,595,000

    Listed ByBerkshire Hathaway HomeServices Page Realty

    MLS® #72061838 MLS® # 72061838 (Active)
    photo.aspx?mls=72130564&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    4.5 Bath

    4,715SqFt

    2 Hartford St,
    Medfield, MA 02052

    $2,275,000

    Listed ByCentury 21 Commonwealth

    MLS® #72130564 MLS® # 72130564 (Active)
    photo.aspx?mls=72150978&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    3.5 Bath

    4,616SqFt

    32 Philip St,
    Medfield, MA 02052

    $1,349,999

    Listed ByMoongate Realty Group

    MLS® #72150978 MLS® # 72150978 (Active)
    photo.aspx?mls=72125813&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    7 Bed

    6.0 Bath

    6,409SqFt

    23 Dover Farm Road,
    Medfield, MA 02052

    $1,299,000

    Listed ByCentury 21 Commonwealth

    MLS® #72125813 MLS® # 72125813 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

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    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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