From 2018 to 2019 in Medford, MA the average sale prices for Condominiums increased 1% to $551,785; increased 4% to $655,070 for Single Family homes, and decreased 1% to $846,758 for Multi-Family homes.  Market trends only come into focus when we consider changes over the short term and long term.

Medford Condo Sale Price History

  • From 2017 to 2018 the average sale price for Medford Condominiums increased 9.5%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 50%

The Medford Condominium average sale price in 2015 was $396,212 and increased significantly in 2019 to $551,785 resulting in the average sale price increase of 39% (current 5-year trend).

Read more about Medford MA Condominium Market Statistics

Medford Single Family Sale Price History

  • From 2017 to 2018 the average sale price for Medford Single Family homes increased 4%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 39%

The Medford Single Family average sale price in 2015 was $484,276 and increased significantly in 2019 to $655,070 resulting in the average sale price increase of 35% (current 5-year trend).

Read more about Medford MA Single Family Market Statistics

Medford Multi-Family Sale Price History

  • From 2017 to 2018 the average sale price for Medford Multi-Family homes increased 9%
  • During the prior 5-year trend (2014 through 2018) the average sale price increased 48%

The Medford Multi-Family average sale price in 2015 was $633,505 and increased significantly in 2019 to $846,758 resulting in the average sale price increase of 34% (current 5-year trend).

Read more about Medford MA Multi-Family Market Statistics

Average Sale Price Trends

The average sale price trends are just one of several market factors to consider carefully when determining fair market value for the sale of your current home or to purchase a new home.  Every home is unique; sale price trends provide a high-level view of market activity but further analysis about the specific characteristics of a home is needed in order to determine the fair market value.

Tamela Roche, RealtorContact Tamela today to better understand the current and historical market trends for Condominium, Single Family, and Multi-Family homes in Arlington, Belmont, Cambridge, Medford, Somerville, and nearby cities and towns in greater Boston, Massachusetts.

About Tamela Roche, Realtor

 

 

 

©2020 Tamela Roche, all rights reserved.  Data Source:  MLS Property Information Network, Inc.