Needham, MA Local Area Information

About Area

Needham was first settled in 1680 with the purchase of a tract of land measuring 4 miles (6.4 km) by 5 miles (8.0 km) from Chief Nehoiden for the sum of 10 pounds, 40 acres (160,000 m2) of land, and 40 shillings worth of corn. It was officially incorporated in 1711. Originally part of the Dedham Grant, Needham split from Dedham and was named after the village of Needham Market in Suffolk, England, a neighbor of the English town of Dedham. By the 1770s settlers in the western part of the town who had to travel a long distance to the meeting house on what is now Central Avenue sought to form a second parish in the town. Opposition to this desire created conflict, and in 1774 a mysterious fire destroyed the extant meeting house. Some time afterwards the West Parish was formed. In 1857 the City of Boston began a project to fill in the Back Bay with landfill by filling the tidewater flats of the Charles River. The fill to reclaim the bay from the water was obtained from Needham Massachusetts from the area of present day Route 128. The firm of Goss and Munson, railroad contractors, built 6 miles of railroad from Needham and their 35-car trains made 16 trips a day to Back Bay.[1] The filling of present-day Back Bay was completed by 1882; filling reached Kenmore Square in 1890, and finished in the Fens in 1900. The project was the largest of a number of land reclamation projects, beginning in 1820, which, over the course of time, more than doubled the size of the original Boston peninsula. It is frequently observed that this would have been impossible under modern environmental regulations.[citation needed] In the late 1860s William Emerson Baker moved to Needham. A notably wealthy man due to his having improved the mechanical sewing machine, Baker assembled a parcel of land exceeding 800 acres (3.2 km2) and named it Ridge Hill Farm.[2] He built two man made lakes on his property, including Sabrina lake near present day Locust Lane. Baker turned part of his property into an amusement park with exotic animals, subterranean tunnels, trick floors and mirrors. In 1888 he built a sizable hotel, near the intersection of present day Whitman Road and Charles River Street, called the Hotel Wellesley which had a capacity of over 300 guests. The hotel burned to the ground on 19 December 1891.[2] In 1881 the West Parish was separately incorporated as the town of Wellesley. The following year, Needham and Wellesley high schools began playing an annual football game on Thanksgiving, now the second-longest running high school football rivalry in the United States[3] (and longest such contest on Thanksgiving). With the loss of the West Parish to Wellesley, the town lost its town hall and plans to build a new one began in 1902 with the selection of a building committee. The cornerstone was laid by the Grand Lodge of Masons on 2 September 1902 and the building was dedicated on 22 December 1903. The total cost for the hall was $57,500 including furnishings. Because it was located on the town common, the cost did not include land as none was purchased.[4] In 2011, the town hall was extensively refurbished and expanded. In the process, the second-floor meeting hall was restored to its original function and beauty. Courtesy of http://en.wikipedia.org

Real Estate Market Stats

Zillow Home Value Index: $915,400

Zillow Home Value Index

Owners vs. Renters

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $915,400 $216,000
Median Single Family Home Value $927,800 $215,000
Median Condo Value $432,000 $227,900
Median 2-Bedroom Home Value $653,900 $165,800
Median 3-Bedroom Home Value $806,000 $208,500
Median 4-Bedroom Home Value $1,058,200 $336,800
Percent Homes Decreasing 10.9% 21.9%
Percent Listing Price Reduction 18.2% 14.6%
Median List Price Per Sq Ft $451 $133
Median List Price $1,150,000 $275,000
Median Sale Price $823,900 $238,800
Homes For Sale 110 0
Homes Recently Sold 110 0
Property Tax $7,549 $2,147
Turnover (Sold Within Last Yr.) 0.1% 2.9%
Median Value Per Sq Ft $454 $148
1-Yr. Change 7.9% 8.1%
Homes For Sale By Owner 2 0
New Construction 12 0
Foreclosures 0 0

Walk Score

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