Welcome to Monday Market Insyghts, our weekly look at the towns we serve southwest of Boston: Millis, Medfield, Medway, Franklin, Bellingham, Walpole, Norfolk, Ashland and Holliston. Each week we put one community in the spotlight and track the numbers across all nine, so you can see how your town compares. This week's spotlight: Medfield, fresh off its 375th anniversary parade.
Nine-Town Market Snapshot
Homes for sale now
Single-family homes listed for sale on MLS PIN as of October 19, 2026. Counts include homes that are under contract or coming soon.
| Town | Homes listed | Avg. list price | Avg. $/sq ft | Price range |
|---|---|---|---|---|
| Millis | 16 | $902,000 | $346 | $500K - $1.70M |
| Medfield | 15 | $1,114,000 | $426 | $600K - $1.70M |
| Medway | 23 | $779,000 | $336 | $490K - $1.25M |
| Franklin | 34 | $836,000 | $357 | $400K - $2.15M |
| Bellingham | 24 | $577,000 | $331 | $324K - $1.20M |
| Walpole | 34 | $997,000 | $396 | $565K - $2.00M |
| Norfolk | 17 | $1,117,000 | $383 | $360K - $2.70M |
| Ashland | 24 | $825,000 | $370 | $440K - $2.00M |
| Holliston | 29 | $996,000 | $349 | $529K - $2.38M |
Figures are rounded and change daily. Averages reflect asking prices, not sale prices.
Recent sales: last three months
Single-family homes that closed between July 16 and October 15, 2026.
| Town | Sales | Median sale price | Avg. sale-to-list | Sold at or above asking | Median days on market |
|---|---|---|---|---|---|
| Millis | 19 | $703,000 | 99.3% | 42% | 20 |
| Medfield | 28 | $1,209,500 | 102.2% | 57% | 20 |
| Medway | 38 | $771,500 | 101.4% | 66% | 28 |
| Franklin | 59 | $800,000 | 102.8% | 73% | 19 |
| Bellingham | 35 | $550,000 | 101.5% | 83% | 21 |
| Walpole | 68 | $864,000 | 103.4% | 74% | 19 |
| Norfolk | 42 | $868,250 | 102.2% | 74% | 20 |
| Ashland | 32 | $785,000 | 102.7% | 66% | 16 |
| Holliston | 38 | $835,500 | 99.4% | 53% | 22 |
Source: MLS PIN closed sales. Medians in towns with fewer sales can move noticeably with just a few transactions.
What stands out
- Medfield sits at the top of the market. Its median sale price of $1,209,500 is about $340,000 higher than the next-highest town, Norfolk, and 19 of Medfield's 28 sales closed at $1 million or more. Medfield homes also carry the highest asking price per foot, about $426 per square foot, ahead of Walpole at about $396.
- Inventory is still thin. There are about 216 single-family homes for sale across all nine towns combined. Franklin and Walpole lead with 34 each; Medfield has 15, the same as last week.
- Week over week, Norfolk tightened the most. Its count fell from 20 to 17 homes and its average asking price rose from about $1.05 million to $1.12 million. Walpole's average asking price per square foot climbed from $389 to $396 as several new-construction homes came on the market.
- Homes are still selling fast. Median days on market ranged from 16 to 28 across the nine towns. Bellingham remains the most competitive, with 83% of sales at or above asking, and Walpole buyers paid the most relative to list price, an average of 103.4%.
Spotlight: Medfield
Medfield, which borders Millis, Norfolk and Walpole, was incorporated in 1651, and on Saturday, October 17, the town celebrated its 375th anniversary with a two-mile parade from Medfield High School to the area near Memorial School, followed by a Party in the Park at Meeting House Pond. It was a fitting snapshot of a town that takes its schools, its history and its town center seriously, and buyers pay for that.
The numbers make the case. Over the last three months, the median Medfield sale was $1,209,500, the highest of our nine towns by a wide margin and roughly $500,000 above the Millis median next door. Today's 15 Medfield listings run from about $600,000 to $1.7 million and average about $1.11 million, with asking prices around $426 per square foot, roughly 23% more per foot than Millis.
Here is the nuance sellers and buyers should know: Medfield homes sell quickly, with a median of 20 days on market, and they averaged 102.2% of list price. But only 57% sold at or above asking, compared with 73% or more in Franklin, Walpole, Norfolk and Bellingham, and 12 of the 28 sales closed below list price. At Medfield's price points, buyers are decisive on the right home and more careful on everything else.
The big stories that affect Medfield home values
Voters approved a $1.5 million override. In a June 8, 2026 special election, Medfield voters approved a Proposition 2½ operating override by an unofficial count of 1,825 to 604. The ballot question raised about $1.04 million for the town and school operating budgets plus about $460,000 for an override reserve stabilization fund. The School Committee said the district would proceed with its approved FY27 budget, a 3.64% increase over the prior year. For homeowners it means a higher tax bill; for the market it means school and town services were protected rather than cut, which matters in a town where many buyers choose Medfield for its schools.
A new Dale Street School is moving forward. In August, the Select Board approved a designer contract with Finegold Alexander Architects, chosen through the Massachusetts School Building Authority (MSBA) process. In September, the School Building Committee affirmed the Dale Street site and a design for about 460 students, with plans to submit options to the MSBA this fall and a town vote targeted for February 2028. A new school is a long-term plus for values; it will also mean a future debt exclusion vote, so watch for cost and tax estimates as the design develops.
Bellforge Arts Center broke ground at the former Medfield State Hospital. On June 1, 2026, Bellforge began construction on a $30 million arts and education campus at 45 Hospital Road. The historic Lee Chapel is becoming a 300-seat performance venue, and the adjacent Infirmary building will hold 17 practice rooms and classrooms, with doors expected to open in fall 2027. Turning a long-vacant landmark into a year-round cultural destination is the kind of amenity that strengthens a town's appeal.
Medfield is in compliance with the MBTA Communities law. Town Meeting adopted a multifamily overlay district on May 6, 2024, covering about 51 acres in three subdistricts: The Parc, the Downtown Core and the Maple and Pleasant area. Medfield appears on the state's list of compliant communities as of August 27, 2026. Buildings in the overlay are capped at 35 feet, so any new multifamily housing there will be modest in scale.
Our take for buyers and sellers
Sellers: With only 15 homes for sale and a median sale price above $1.2 million, Medfield sellers are in a strong position, but the data show that over-priced homes get negotiated. Price to recent comparable sales, present the home well, and the right buyer tends to move within the first few weeks.
Buyers: Medfield commands a premium, but it is also one of the few top-tier towns where buyers have had some room to negotiate: about four in ten sales closed below asking. Factor the override into your monthly budget, keep an eye on the Dale Street School project, and be ready to act quickly when a well-priced home comes up.
Wondering what your Medfield home is worth today?
Text CMA to 508-686-0940 for a free Comparative Market Analysis, or send us a message. Browse current listings on our Medfield homes for sale page.
Know a Medfield business or non-profit that deserves the spotlight? Nominate it for an upcoming episode of The American Dream TV.
Sources: MLS PIN closed sales, July 16 - October 15, 2026; MLS PIN active listings via realinsyghts.com (October 19, 2026); Medfield Patch, June 8, 2026 special election results; Medfield Public Schools; Medfield Select Board, August 18, 2026 (Citizen Portal); Medfield School Building Committee (Citizen Portal); Bellforge Arts Center; Medfield Zoning Bylaw, Article 21; Mass. EOHLC MBTA Communities compliance; Massachusetts Municipal Association; Hoodline.