The story of this market
The typical home in ZIP 02492 sells for about $1,683,992, or $553 per square foot.
Prices are down 4.7% from a year ago, which gives buyers more room to negotiate. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,070 a month.
ZIP 02492 — Needham
The Needham housing market remains highly competitive with high price points, though it has seen a slight year-over-year cooling in median sale prices. Demand remains driven by the area's reputation for excellent schools and proximity to Boston. Market activity is currently characterized by low inventory and steady, albeit price-sensitive, buyer interest.
This ZIP is ideal for affluent families and professionals seeking high-quality schools, suburban amenities, and convenient access to the Greater Boston employment market.
Median prices moved down 4.7% year over year.
Homes spend a median of 20 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 4.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02492, Norfolk County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Needham is widely recognized for its high-performing public school system, which is a primary driver for family-oriented home buyers in the region.
The area benefits from proximity to major Boston-area employment hubs and ongoing demand for high-end residential real estate.
Property taxes are assessed at the municipal level by the Town of Needham; specific rates are subject to annual adjustments based on town budget requirements.
Residents benefit from access to the MBTA Commuter Rail and major highway corridors providing direct transit to Boston's employment core.
The area features extensive green space, including local parks and trails, alongside convenient access to shopping and dining districts within the town center.
The rental market is characterized by high demand and limited inventory, typical of affluent suburban communities near Boston.
The local economy is anchored by professional services and proximity to the broader Greater Boston innovation and technology sectors.
The area is served by the MBTA Commuter Rail Needham Line and provides easy access to I-95/Route 128.
Development is primarily focused on residential infill and maintenance of the town's suburban character.
Parcels are served by the Needham Public Schools district.
Data sourced from Point2Homes and NeighborhoodScout.
- Boston Tea Party Ships & Museum4.611.3 mi
- Supercharged Entertainment4.516.1 mi
- Apex Entertainment Marlborough4.417.9 mi
- F1 Arcade Boston4.511.6 mi
- Museum of Illusions Boston4.511.5 mi
- Fenway Park4.89.1 mi
- TD Garden4.611.3 mi
- Gillette Stadium4.612.7 mi
- Thomas M. Menino Convention & Exhibition Center4.511.3 mi
- Topgolf Boston - Canton3.97.4 mi
- Fenway Park4.89.1 mi
- Museum of Fine Arts, Boston4.88.9 mi
- Boston Common4.710.7 mi
- New England Aquarium4.411.6 mi
- Harvard Square4.69.4 mi
- Museum of Fine Arts, Boston4.88.9 mi
- Boston Public Library4.810 mi
- Isabella Stewart Gardner Museum4.78.7 mi
- Museum of Science4.711 mi
- Boston Tea Party Ships & Museum4.611.3 mi
- Boston Common4.710.7 mi
- Franklin Park Zoo4.48.2 mi
- Public Garden4.810.5 mi
- Charles River Esplanade4.810.2 mi
- Arnold Arboretum of Harvard University4.86.8 mi
- Topgolf Boston - Canton3.97.4 mi
- Granite Links Golf Club4.610.3 mi
- Robert T. Lynch Municipal Golf Course3.95 mi
- George Wright4.55.8 mi
- Newton Commonwealth Golf Course46.2 mi
- Natick Mall4.57.3 mi
- Encore Boston Harbor4.312.3 mi
- Prudential Center Boston4.59.8 mi
- Quincy Market4.511.4 mi
- Faneuil Hall Marketplace4.511.4 mi
- Boston Logan International Airport4.113.6 mi
- Park Shuttle & Fly4.514.2 mi
- The Lounge3.413.4 mi
- Boston Skydive Center527.2 mi
- DaCoopas Pizza4.113.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central hub for local retail and dining establishments.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.