Homes in 02492

Here’s some helpful information if you’re looking at homes in the 02492-zip code. Buyers in this market often ask the same questions: “What’s the # 1 feature to consider when buying a home?” and “How much do I need for a down payment on a house in Massachusetts?” According to the smart people at Motley Fool, location is at the top of the list. Of course, location, location, location. Right?

02492 is the biggest of the two zip codes that make up Needham, MA. Niche.com ranks this Boston suburb as the #5 best place to live in Norfolk County. It has a high living standard that resonates with people of all ages, including families, young professionals, and retirees. In addition, the area has a “college prep” public school system, safe neighborhoods, parks, restaurants, and coffee shops.

According to Mass.gov, anyone eligible for their “one mortgage program” must only put down 3% for a condo, single-family, or two-family home. It provides low fixed interest rates, doesn’t require private mortgage insurance (PMI), and provides extra assistance that lowers monthly payments. In this market, new and existing homes range in price from $850K-6.5M.

Rockethomes.com called Needham a seller’s market as recently as February 2023, with median home values at $1.37+M. This is up 11.5% from February 2022, and the number of home sales is down 11.3% that same year. Having fewer sellers than buyers is what makes a seller’s market. This could change if inventory increases, so long as demand stays strong. Buying or selling, I can help you succeed.

Rockethome.com market report: https://www.rockethomes.com/real-estate-trends/ma/needham

• See how the homes in 02492 can offer great value to buyers and sellers in this market.