What Is the Average Home Price in Needham, MA?

As of October 18, 2026, the median sale price in Needham is $1,585,000, based on homes closed in the last 90 days in MLS PIN. The median asking price on homes for sale right now is higher, at $1,875,000. Which number matters depends on whether you want to know what homes sell for or what you will see when you start browsing.

Sale Price vs. List Price: Why There Is a $290,000 Gap

The two figures measure different groups of homes. The $1,585,000 median reflects 88 homes that actually closed over the last 90 days. The $1,875,000 median reflects the 67 listings on the market today.

Active inventory often skews toward higher-priced homes because those take longer to sell, so they sit in the pool while more modestly priced homes come and go. Some listings are also simply priced above where they will end up. In my experience, the closed median is the better guide to what you should budget for.

People search for the "average" price, but the median is the figure worth watching here, since a few very large sales can drag an average well above what most buyers actually pay. You can explore more town figures on the Needham town page and the town data explorer.

What the Pace of Sales Tells You

Average days on market for recent closings is 41. With 88 sales in 90 days, Needham is absorbing roughly 29 homes a month. Against 67 active listings, that works out to a little over two months of supply.

That is still a seller-leaning market, but 41 days is not a frenzy. Buyers generally have time to inspect, compare and negotiate on homes that have sat a few weeks, while fresh, well-priced listings can still move quickly.

What It Takes to Buy at the Median

On a $1,585,000 home, 20% down is $317,000, leaving a loan of $1,268,000. That exceeds conforming loan limits, so most buyers here are looking at jumbo financing, with tighter reserve and credit requirements.

At 5% down, the cash needed falls to $79,250, but few jumbo programs allow that, and you would carry mortgage insurance or a higher rate if you found one. Property taxes add meaningfully to the monthly cost. Needham's current tax rate is not included in these figures, so check the town assessor's site before you run your numbers.

Bottom Line

A typical Needham home is selling for about $1,585,000 right now, even though asking prices on today's listings run closer to $1,875,000. Budget from closed sales, not list prices, and confirm taxes and jumbo loan terms early. If you want to see the monthly payment on a home at that price, the mortgage calculator is here.

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Data provided by MLS Property Information Network

Plato Asadov (Aflatun Asadov)
Licensed Massachusetts Real Estate Salesperson, Lic. #9579004
Brokered by Steve Bremis Realty Group. Equal Housing Opportunity.
Phone: 617-302-7222 · Email: plato@realestoria.com · realestoria.com
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This article was drafted with AI assistance from Plato's research tools and reviewed by Plato before publishing. Information deemed reliable but not guaranteed; it is general education, not advice for your specific situation.