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: Medway, where a new town hall and public safety complex and a major Main Street redevelopment are both coming up for key decisions.
Nine-Town Market Snapshot
Homes for sale now
Single-family homes listed for sale on MLS PIN as of October 26, 2026. Counts include homes that are under contract or coming soon.
| Town | Homes listed | Avg. list price | Avg. $/sq ft | Price range |
|---|---|---|---|---|
| Millis | 15 | $914,000 | $341 | $500K - $1.70M |
| Medfield | 20 | $1,053,000 | $420 | $600K - $1.70M |
| Medway | 23 | $767,000 | $334 | $490K - $1.25M |
| Franklin | 30 | $883,000 | $353 | $400K - $2.15M |
| Bellingham | 27 | $580,000 | $335 | $324K - $1.20M |
| Walpole | 27 | $1,012,000 | $402 | $575K - $2.00M |
| Norfolk | 16 | $1,122,000 | $379 | $360K - $2.70M |
| Ashland | 23 | $852,000 | $375 | $539K - $2.00M |
| Holliston | 32 | $957,000 | $342 | $495K - $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
- Medway is the value play per square foot. At about $334 per square foot, Medway's asking prices are the lowest of our nine towns, essentially tied with Bellingham at $335 and well below Medfield at $420 and Walpole at $402.
- Inventory is still thin. There are 213 single-family homes for sale across all nine towns combined, down from 216 last week. Holliston now leads with 32. Medway holds steady at 23, the same count as last week, while its average asking price eased from about $779,000 to $767,000.
- Week over week, Medfield and Walpole moved the most. Medfield's count jumped from 15 to 20 homes and its average asking price slipped from about $1.11 million to $1.05 million as several lower-priced homes came on. Walpole went the other way, dropping from 34 listings to 27. Franklin fell from 34 to 30 while its average asking price rose from about $836,000 to $883,000.
- Homes are still selling fast. Median days on market ranged from 16 in Ashland to 28 in Medway. 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: Medway
Medway is one of the busiest towns in our area right now, both in the housing market and at Town Hall. Over the last three months it recorded 38 single-family sales, tied with Holliston for the fourth-most of our nine towns, and the town is heading into a winter of big decisions about its civic buildings and its Main Street corridor.
On price, Medway sits in the accessible middle of the region. Its median sale of $771,500 was about $68,500 above Millis and about $28,500 below Franklin, and only six of Medway's 38 sales closed at $1 million or more. Today's 23 listings run from about $490,000 to $1.25 million and average about $767,000.
The nuance: demand is solid but buyers are taking a little more time. Medway's median of 28 days on market is the longest of our nine towns, yet 66% of sales still closed at or above asking and the average sale came in at 101.4% of list price. In plain terms, well-priced Medway homes still draw strong offers, but 13 of the 38 sales closed below list price, so buyers have some room to negotiate on homes that are priced ahead of the market.
The big stories that affect Medway home values
A new Town Hall and public safety complex heads toward a vote. Medway is designing a municipal complex at 120 Main Street, the former Medway Block Company property the town bought in 2022, that would bring a new Town Hall and a public safety building for the Police and Fire Departments together on one site. Town Meeting approved $7.9 million for design and bidding and $1.25 million for abatement, demolition and soil cleanup in November 2024, and demolition was completed in summer 2025. According to the town, construction funding will go to a Special Town Meeting on March 1, 2027, followed by a debt exclusion ballot vote on March 9, 2027. The total cost has not yet been announced. Residents can review the current 80% design plans at a public forum on Thursday, October 29 at 7:00 PM at the Thayer Homestead, and tour the existing police station at an open house on Saturday, October 31 from 9:00 AM to 1:00 PM. For homeowners, this is the number to watch: a debt exclusion would raise tax bills for the life of the borrowing, while modern public safety facilities are a long-term plus for the town.
Heritage on Main would remake a stretch of Route 109. The Planning and Economic Development Board is reviewing Heritage on Main, a proposed mixed-use redevelopment of about 21 acres at 107-119 Main Street and 1 and 3 Elm Street in the Central Business District. Plans filed by Rte. 85 Realty Corp. call for a four-story, 267-unit apartment building plus a bank with a drive-through, a restaurant or retail building with a drive-through, and a redeveloped gas station with a convenience store. The plan would cut the number of driveways onto Main Street from eleven to five. The applicant is also seeking a special permit to reduce the percentage of affordable units. The board's hearing continues Tuesday, October 27 at 7:00 PM at Medway Middle School, and the Conservation Commission is scheduled to take it up December 3. If approved, it would be one of the largest additions to Medway's housing stock and town center in years.
Town Meeting funded the budget, water and roads, and updated downtown zoning. At this spring's Annual Town Meeting, voters unanimously approved the FY27 operating budget and the water and sewer budgets, borrowing to rehabilitate the Lovering water tank, a roads and sidewalks article, and the purchase of the Winthrop Street properties with Community Preservation funds. Zoning changes for Central Business District uses and for Oak Grove and Central Business District dimensional rules passed by the required two-thirds vote. At the Special Town Meeting, voters redirected funds originally set aside for the Memorial School roof toward a McGovern School bathroom project, air quality work at Medway High School and the capital stabilization fund.
Medway is in compliance with the MBTA Communities law. Medway appears on the state's list of compliant communities as of October 21, 2026, which keeps the town eligible for state grant programs tied to the law.
Our take for buyers and sellers
Sellers: With only 23 homes for sale and two out of three recent sales closing at or above asking, Medway sellers are in a good position, but the market rewards accurate pricing. Homes here are taking a few days longer than in neighboring towns, so price to recent comparable sales, present the home well, and expect the strongest response in the first few weeks.
Buyers: Medway offers the lowest asking price per square foot in our nine-town area, and about one in three recent sales closed below list price, so there is room to negotiate on the right home. Keep an eye on the municipal complex cost estimate and the March 2027 debt exclusion vote when you budget for taxes, and watch the Heritage on Main decision for what it could mean for the Main Street corridor.
Wondering what your Medway 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 Medway homes for sale page.
Know a Medway 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 26, 2026); Town of Medway, Municipal Complex Project FAQ; Town of Medway, Municipal Complex Project Public Forum; Town of Medway, Heritage on Main; Town of Medway, Annual Town Meeting Results; Mass. EOHLC MBTA Communities compliance; MyFMToday, October 14, 2026.