Real estate market statistics showing the Medford MA home price for Condo, Single, and Multi-Family homes sold 2021 through 4-30-2026 are provided below.
Medford MA Home Price
| Property Type | Avg. Sale $ | Median Sale $ | SP:OP | DTO |
| Condo | ||||
| YE 2021 | $631,401 | $610,000 | 100% | 28 Days |
| YE 2022 | $691,985 | $629,000 | 101% | 17 Days |
| YE 2023 | $715,894 | $659,900 | 100% | 24 Days |
| YE 2024 | $756,892 | $685,000 | 100% | 24 Days |
| YE 2025 | $708,190 | $655,000 | 99% | 27 Days |
| YTD 4-30-2026 | $721,007 | $695,000 | 96% | 50 Days |
| Single Family | ||||
| YE 2021 | $771,635 | $750,000 | 103% | 18 Days |
| YE 2022 | $845,618 | $815,418 | 104% | 14 Days |
| YE 2023 | $839,314 | $797,000 | 103% | 18 Days |
| YE 2024 | $923,102 | $887,500 | 105% | 15 Days |
| YE 2025 | $984,744 | $917,500 | 102% | 18 Days |
| YTD 4-30-2026 | $934,551 | $865,000 | 101% | 24 Days |
| Multi-Family | ||||
| YE 2021 | $943,893 | $880,000 | 102% | 16 Days |
| YE 2022 | $1,050,895 | $1,010,000 | 102% | 15 Days |
| YE 2023 | $1,030,234 | $1,010,000 | 100% | 17 Days |
| YE 2024 | $1,146,047 | $1,100,000 | 102% | 14 Days |
| YE 2025 | $1,192,889 | $1,125,000 | 101% | 20 Days |
| YTD 4-30-2026 | $1,194,462 | $1,200,000 | 103% | 14 Days |
KEY: YE=Year End YTD=Year To Date SP:OP=Average Sale Price to Original Price Ratio DTO=Average Days to Offer
Data Source: MLS Pinergy® updated 5-10-2026
Copyright ©2026 by Tamela Roche. All Rights Reserved.
Medford MA Home Listing Inventory 2021-2026
We expect the average home price to increase when demand is high and supply is low. A comparison of the total number of homes listed for sale in Medford MA from 2021 through 4-30-2026 are provided below:
| Property Type | YE 2021 | YE 2022 | YE 2023 | YE 2024 | YE 2025 | YTD 4-30-2026 |
| Condo | 351 | 369 | 304 | 255 | 267 | 101 |
| Single-Family | 371 | 328 | 239 | 261 | 288 | 73 |
| Multi-Family | 138 | 109 | 77 | 111 | 97 | 37 |
KEY: YE=Year End YTD=Year To Date
Data Source: MLS Pinergy® updated 5-10-2026
Copyright ©2026 by Tamela Roche. All Rights Reserved.
Real Estate Market Terms
The acronym “SP:OP” stands for “Sale Price to Original Price Ratio” and reflects the final sale price as a percentage of the original list price. When this percentage is above 100% that means the home sold for a higher amount than the original list price.
The term “days to offer” (DTO) 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” (DOM) 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.
Average Home Price Medford MA
How Is Average and Median Price Calculated?
In order to calculate an average home sale price, divide the total number of homes sold by the total sum of all home sale prices. Find the median sale price by sorting the data from the lowest to highest price, then find the middle value. It is not unusual in our local markets for the average sale price and median sale price to be significantly different.
Why Is Median Home Price Important?
Despite the fact that most media outlets will focus on the average home sale price in news about real estate; the median sale price is also very important. Mortgage underwriters watch median home sale price activity to determine risk for lending in any given market. An underwriter will typically analyze median home sale price activity either by a postal zip code or by the county as a whole.
Changes in the median home price will indicate if the home values are increasing or decreasing. Many factors determine the costs associated with a home mortgage loan. For example, borrowers who purchase a home in a market with decreasing median home sale prices may receive a higher mortgage interest rate. For this reason it is very important to give your mortgage lender the property address before submitting an offer to purchase.
About Medford MA
Location
Medford, Massachusetts is located 3.2 miles northwest of Boston and the total land area comprises approximately 8.1 square miles. The primary postal zip code for Medford is 02155; however, 02153 and 02156 are also used in specific locations.
Style of Government
First settled in 1630, Medford was later incorporated as a city in 1892 and follows the “Mayor-City Council” style of governing. To learn more about the city government and resident services, visit the official city website: Medford MA
Residential Taxes in Medford MA
The residential tax rate in Medford MA for fiscal year 2026 is 8.63%. Tax rates are stated as a percentage for every $1,000 of the assessed value. There are several types of tax savings available; however, at this time Medford does not offer a residential exemption for qualified homeowners.
For more information: Residential Taxes in MA
Medford MA Farmers Market
The local farmers market in Medford is located at the Condon Shell on Mystic Valley Parkway and opens in June. For more details about the location and 2026 schedule visit my blog article Local Farmers Markets 2026.
Additional Real Estate Market Statistics
To learn more about the average home price and other real estate market statistics in Medford MA, contact me to schedule a Home Seller or Home Buyer Consultation. Primary service areas also include Cambridge, Arlington, Belmont, and Somerville, Massachusetts.
