One of the biggest questions we get from prospective buyers is what is the cost of living in Needham? We are going to cover just how expensive it is to purchase a house in Needham.

The median single family home sale in 2024 was $1.7M. This will result in roughly a $21,000 per year annual property tax bill based on current rates.

Needham has seen an increase in the median home price of nearly $600,000 since 2018 which is very similar to many of the neighboring communities.

In 2024, 226 single family homes sold on the market which is down 30% from 2018. The lack of supply has kept prices high and we believe inventory will remain low in the coming years.