Arlington MA Home Price
Arlington MA home price and real estate market statistics for condo, single family, and multi-family homes sold.
| Property Type | # Sold | Ave. Sale $ | Median Sale $ | SP:OP |
| Condo | ||||
| YE 2019 | 222 | $647,726 | $616,000 | 102% |
| YE 2020 | 239 | $684,813 | $660,000 | 101% |
| YE 2021 | 289 | $708,904 | $695,000 | 103% |
| YE 2022 | 229 | $792,521 | $735,000 | 102% |
| YTD 8-31-2023 | 150 | $841,177 | $840,000 | 102% |
| Single Family | ||||
| YE 2019 | 281 | $916,393 | $820,000 | 102% |
| YE 2020 | 264 | $946,879 | $870,000 | 102% |
| YE 2021 | 307 | $1,069,072 | $950,000 | 109% |
| YE 2022 | 288 | $1,236,482 | $1,153,000 | 108% |
| YTD 8-31-2023 | 141 | $1,242,454 | $1,190,000 | 105% |
| Multi-Family | ||||
| YE 2019 | 47 | $1,001,809 | $989,000 | 101% |
| YE 2020 | 41 | $1,126,378 | $1,080,018 | 101% |
| YE 2021 | 53 | $1,168,580 | $1,200,000 | 102% |
| YE 2022 | 37 | $1,217,459 | $1,150,000 | 102% |
| YTD 8-31-2023 | 31 | $1,194,290 | $1,150,000 | 101% |
KEY: YE = Year End YTD = Year To Date SP:OP = Sales Price to Original Price Ratio
Data Source: MLS Pinergy® as of 9-13-2023
©2023 Intellectual property of Tamela Roche, all rights reserved
Arlington MA Housing Inventory 2019-2023
Total number of condo, single family, and multi-family homes listed for sale in Arlington, MA 2019-2023
| Property Type | YE 2019 | YE 2020 | YE 2021 | YE 2022 | YTD 8-31-2023 |
| Condo | 259 | 304 | 324 | 292 | 157 |
| Single Family | 315 | 314 | 312 | 335 | 178 |
| Multi-Family | 50 | 55 | 62 | 55 | 32 |
KEY: YE = Year End YTD = Year To Date
Data Source: MLS Pinergy® as of 9-13-2023
©2023 Intellectual property of Tamela Roche, all rights reserved
Average Home Price Arlington MA
How Is Average and Median Price Calculated?
We calculate the average home price by adding the sum of all home sale prices and then divide them by the total number of homes sold. Therefore, the median home price is calculated by finding the middle value so as to remove extreme values. In other words, when we calculate the median home price, half of the values are larger and half are smaller.
Why Is Median Home Price Important?
In many cases national media will state an average home price when they report on real estate. However, a mortgage lender will focus on median home price as a more accurate depiction of home value changes in a given market.
Furthermore, a mortgage lender will determine if a real estate market is appreciating or depreciating. Lenders measure median home price activity by zip code. Many factors determine the cost of a mortgage loan; however, the increase or decrease of the median home price by zip code is a significant factor.
About Arlington MA
Location and Governance
Arlington, Massachusetts is located 6 miles northwest of downtown Boston and comprises 5.5 square miles of land. Zip codes for Arlington, MA include 02474 and 02476.
While settled in 1635 and incorporated as a town in 1867; presently Arlington MA is managed by the “Representative Town Meeting” style of government.
Residential Tax in Arlington MA
The Fiscal Year 2023 residential tax rate in Arlington, MA is 11.21%. For more information about taxes see Residential Taxes in MA
Housing Overview
With a population of 42,844 residents, the average household size in Arlington, MA is 2.32 persons and the median household income is $92,338. Of 19,974 total housing units, 58% are owner-occupied, 37% rented and 5% are vacant.
Sources: U.S. Census Bureau 2010-2014; Town of Arlington MA; MLS Pinergy®
To learn more about the average home price and other real estate market statistics, contact me to schedule a Home Seller Consultation or a Home Buyer Consultation. Primary service areas include Cambridge, Arlington, Belmont, Medford, and Somerville Massachusetts.
About Tamela Roche, Realtor® – RE/MAX Destiny
