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Our Needham, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Needham as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Needham, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Needham MA Community Profile & History
Needham, Massachusetts is an affluent, highly suburbanized community in the Greater Boston region. Ideally situated along the Route 128 corridor, the town offers a bounty of historic scenery, excellent public and private schools, a thriving economy, and plentiful opportunities for recreation and leisure. Characterized by a highly diverse population, the town promotes intercultural activities and multicultural awareness for residents and public school students alike.
Needham was originally settled as part of the Dedham Grant in 1680. It was incorporated separately in 1711, taking its name from a village in Suffolk, England. In the 1770s, settlers in the western portion of town formed the West Parish in order to circumvent the long route to the town center. In 1881, the West Parish was incorporated separately as the contemporary town of Wellesley.
In 1857, the city of Boston undertook the enormous project of filling in the tidewater flats of the Back Bay to create new land. Most of the landfill used to create the Back Bay neighborhood was obtained from Neeedham. Railroad contractors Gross and Munson built a 6-mile stretch of railway between the community and Boston; for the next 25 years, 35-car trains traversed the route 16 times a day in order to complete the massive task.
In the early decades of the 20th century, the construction of Route 128 precipitated a period of major industrial and residential development throughout the region. Gristmills and factories were replaced by high-tech firms and corporate headquarters, though several historic homes and landmarks in the town center have been carefully preserved. Over the past decade, the town has not only retained but increased its attractiveness and desirability for residence and business alike and stands today as an economically, socially and culturally viable portion of Greater Boston. Housing values remain strong; prospective residents can choose from a wide range of properties. Single-family housing predominates, but there are apartments, two-family homes and condominiums as well.
Needham Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Needham, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Needham Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 103 296 $768865 $325000 $662000 $2550000 |
2007 96 373 $748577 $250000 $626500 $3550000 |
2008 88 267 $785675 $289000 $659000 $2722732 |
2009 89 273 $775293 $175000 $655900 $2858536 |
2010 90 306 $805643 $244800 $665000 $2650000 |
Average Selling Price of Single Family Homes in Needham
| 2006 |  $768865 | |
| 2007 | $748577 | |
| 2008 | $785675 | |
| 2009 | $775293 | |
| 2010 | $805643 |
Needham Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 152 33 $476815 $212500 $466000 $865000 |
2007 159 48 $524686 $217000 $502500 $1425000 |
2008 178 40 $559465 $180000 $573000 $885900 |
2009 153 38 $487472 $195000 $335000 $865574 |
2010 131 40 $482635 $147000 $547750 $855000 |
Average Selling Price of Condominiums in Needham
| 2006 | $476815 | |
| 2007 | $524686 | |
| 2008 | $559465 | |
| 2009 | $487472 | |
| 2010 | $482635 |