Is Natick, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Natick has remained a Seller's Market.
Key Takeaway
Natick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Natick, MA
How much do homes in Natick, MA cost?
Median Sold Price
$851,666
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Natick have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Natick was $851,666 in May 2024, up 6.9% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284.5K | $323K | +13.5% |
| 2 Bedrooms | $547.5K | $607.5K | +11.0% |
| 3 Bedrooms | $700K | $777.5K | +11.1% |
| 4 Bedrooms | $1.0M | $1.0M | +6.2% |
| 5+ Bedrooms | $1.3M | $1.5M | +20.8% |
Summary: Natick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Sherborn | $1.1M | $1.2M | +14.4% |
| Wellesley | $1.8M | $1.9M | +7.5% |
| Natick | $796.8K | $851.6K | +6.9% |
| Framingham | $595.8K | $636.2K | +6.8% |
| Dover | $1.7M | $1.8M | +5.9% |
Housing Supply in Natick, MA
How many homes are available in Natick, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 119 | 141 | +18.5% |
Summary: The Natick real estate market had 141 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 33 | 45 | +36.4% |
| 4 Bedrooms | 32 | 44 | +37.5% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Natick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Natick, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Natick in May 2024, the same as the previous month. Of the 35 sold homes, 34% were sold under asking, 6% were sold at asking, and 60% were sold over asking.
Days on Market for Natick, MA
How long does it take to sell a home in Natick, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -18.6% |
Summary: Homes in Natick had an average of 21 days on market in May 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Natick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Natick; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
