Medford, Massachusetts is located 3.2 miles northwest of downtown Boston, MA on 8.1 square miles of land. Settled in 1630 and incorporated as a city in 1892, Mayor-City Council is the style of governance. With a population of 56,173 residents, the average household size is 2.38 persons and median household income is $77,868. Of 24,046 total housing units, 54% are owner-occupied, 41% rented and 5% vacant. The Fiscal Year 2019 residential tax rate for Medford, MA is 9.6%.
Sources: U.S. Census Bureau 2010-2014; City of Medford, MA; MLS Pinergy®
Residential Sales: Medford, MA
Comparison of market statistics for residential sales of Condo, Single Family, and Multi-Family properties in Medford, MA by Tamela Roche, Realtor®.
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2018 | 209 | $543,447 | $530,000 | 102% |
| Q2 2019 | 113 | $551,841 | $545,000 | 98% |
| Single Family | ||||
| YE 2018 | 267 | $626,899 | $617,000 | 102% |
| Q2 2019 | 166 | $649,262 | $600,000 | 100% |
| Multi-Family | ||||
| YE 2018 | 102 | $852,520 | $804,159 | 99% |
| Q2 2019 | 50 | $863,756 | $810,000 | 101% |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory: Medford, MA
Comparison of the total number of Condo, Single Family, and Multi-Family homes listed for sale in Medford, MA by Tamela Roche, Realtor®.
| YE 2018 | Q2 2019 | |
| Condo: | 261 | 177 |
| Single-Family: | 328 | 210 |
| Multi-Family | 122 | 84 |
Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.
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