The 2022 market trends for Arlington MA show Condo and Single Family home sale prices increased due to very strong home buyer demand.
Market Trends Arlington MA 2022
Average & Median Sale Prices
Comparison of 2022 home sale prices for residential Condominium, Single Family, and Multi-Family homes sold in Arlington, Massachusetts:
| Arlington MA | Average Sale $ 2022 | 1 Year Change | Median Sale $ 2022 | 1 Year Change |
| Condo | $792,521 | 12% Increase | $735,000 | 6% Increase |
| Single | $1,236,482 | 16% Increase | $1,153,000 | 21% Increase |
| Multi-Family | $1,217,459 | 4% Decrease | $1,150,000 | 4% Decrease |
Home Sale Price Trends: Arlington MA
- In 2022 the average sale price for Condominiums increased 12% and the median sale price increased 6%.
- For Single Family homes in 2022 the average sale price increased 16% while the median sale price increased 21%; despite an increase in available inventory.
- Average sale price and median sale price for Multi-Family homes decreased 4% from 2021 to 2022.
2022 Home Inventory
Comparison of 2021 and 2022 residential Condominium, Single Family, and Multi-Family homes listed for sale in Arlington, Massachusetts:
| Arlington MA | # Listings 2021 | # Listings 2022 | 1 Year Change |
| Condo | 324 | 292 | 10% Decrease |
| Single | 312 | 335 | 7% Increase |
| Multi-Family | 62 | 55 | 11% Decrease |
Home Inventory Trends: Arlington MA
- In 2022 the number of Condominium listings decreased 10% from 2021.
- Single Family homes listed for sale increased 7% from 2021 to 2022.
- The number of Multi-Family homes listed for sale decreased 11% in 2022.
2022 Market Timing
Comparison of 2021 and 2022 Days to Offer for residential Condominium, Single Family, and Multi-Family homes sold in Arlington, Massachusetts:
| Arlington MA | # Days to Offer 2021 | # Days to Offer 2022 | 1 Year Change |
| Condo | 15 Days | 15 Days | No Change |
| Single | 11 Days | 13 Days | 2 Days Longer |
| Multi-Family | 13 Days | 16 Days | 3 Days Longer |
Market Timing Trends: Arlington MA
- In 2021 and 2022 the number of days to offer for Condominium listings is 15 days.
- For Single Family homes the number of days to offer increased from 11 to 13 days in 2022.
- The number of days to offer for Multi-Family homes increased from 13 to 16 days in 2022.
Data Source: MLS Pinergy® as of 3-29-2023
©2023 Intellectual property of Tamela Roche, all rights reserved
Market Timing Terms
The term “days to offer” refers to the number of days from the original listing date until the date upon which a seller accepts a buyer’s offer to purchase. This represents the most accurate measurement of market speed because it shows the buyer’s true sense of urgency.
“Days on market” is a term used to measure the number of days from original listing date to the date a property status is changed in MLS to “under agreement”. This status code is highly subjective and used inconsistently; therefore, “days to offer” is the most reliable measurement for market speed.
Ready to sell your home? Contact me today to find out what your home is worth.
Schedule a Home Seller Consultation or Home Buyer Consultation to review the home selling and home buying process, your rights as a home seller or home buyer in Massachusetts, and current market trends in our local markets.
About Tamela Roche, Realtor® – RE/MAX Destiny
