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®.

# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2018209$543,447$530,000102%
Q2 2019113$551,841$545,00098%
Single Family
YE 2018267$626,899$617,000102%
Q2 2019166$649,262$600,000100%
Multi-Family
YE 2018102$852,520$804,15999%
Q2 201950$863,756$810,000101%

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 2018Q2 2019
Condo:261177
Single-Family:328210
Multi-Family12284

Data Source: MLS Pinergy®
©2019 Intellectual property of Tamela Roche, all rights reserved.


Contact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to begin your new home search.  All Clients receive the Residential Market Analysis by Tamela with comprehensive market data and historical home sale trends.