Needham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$750,500

  • -0.7% 1-year change
  • -1.5% 1-year forecast

The median home value in Needham is $750,500. Needham home values have declined -0.7% over the past year and Zillow predicts they will fall -1.5% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Needham 1.0 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Needham is 2.4%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Needham homeowners underwater on their mortgage is 2.7%, which is lower than Boston Metro at 8.5%.

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Relative ZHVI
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Needham Market Overview

Data through Jul 31, 2015
  • $750,500 ZHVI
  • -1.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Needham Market Health

Data through Jul 31, 2015
  • 5.2/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 2.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Weston $1,238,300
Wellesley $1,032,400
Town of Dover $910,000
Name Median ZHVI
Newton $813,400
Westwood $631,700
Natick $438,600
Name Median ZHVI
Waltham $434,400
Dedham $384,100
Norwood $379,500

Listings & Sales

  • No data
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Needham Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $3,306 Needham
    $2,228 Boston Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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