Medfield, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Medfield, MA Housing Market Trends

With 12,955 people, 4,245 houses or apartments, and a median cost of homes of $805,685, Medfield house prices are not only among the most expensive in Massachusetts, Medfield real estate also is some of the most expensive in all of America.

Medfield is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Medfield than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Medfield. Owner-occupied housing accounts for 86.60% of Medfield's homes, and 69.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Medfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Medfield built between 1940-1969 ( 37.46%). A lesser amount of the housing stock also hails from before 1939 ( 10.29%). There's also some housing in Medfield built between 2000 and later ( 8.61%).

Medfield Home Appreciation Rates

Appreciation rates for homes in Medfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.47%, which ranks in the top 40% nationwide. This equates to an annual average Medfield house appreciation rate of 3.31%.

Over the last year, Medfield appreciation rates have trailed the rest of the nation. In the last twelve months, Medfield's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Medfield were at 2.10%, which equates to an annual appreciation rate of 8.67%.

Relative to Massachusetts, our data show that Medfield's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$805,685

Medfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
75.60% 2.72%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,410 / per month

Homeownership Rate

Owners
86.6%
86.6%
Renters
13.4%
13.4%
Vacant
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.6%
8.6%
1970 - 1999
43.6%
43.6%
1940 - 1969
37.5%
37.5%
1939 or Older
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.7%
82.7%
Townhomes
3.6%
3.6%
Small Apt. Buildings
3.6%
3.6%
Apt. Complexes
10.1%
10.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
6.5%
6.5%
2 Bedrooms
9.5%
9.5%
3 Bedrooms
22.8%
22.8%
4 Bedrooms
47.1%
47.1%
5 or more bedrooms
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Medfield

Zip Codes in Medfield, MA