Home Sale Prices Medford MA: 2019 – 2022
Comparison of market statistics for residential Condominium, Single Family, and Multi-Family homes sold in Medford, MA from 2019 to 2022.
| Property Type | # Sold | Avg. Sale $ | Median Sale $ | SP:OP |
| Condo | ||||
| YE 2019 | 201 | $551,214 | $540,000 | 98% |
| YE 2020 | 214 | $601,186 | $569,000 | 100% |
| YE 2021 | 316 | $631,401 | $610,000 | 100% |
| YTD 8-31-21 | 214 | $625,506 | $600,000 | 101% |
| YTD 8-31-22 | 226 | $696,323 | $629,900 | 102% |
| Single Family | ||||
| YE 2019 | 281 | $656,173 | $630,000 | 100% |
| YE 2020 | 271 | $706,113 | $670,000 | 101% |
| YE 2021 | 328 | $771,635 | $750,000 | 103% |
| YTD 8-31-21 | 202 | $783,910 | $741,000 | 104% |
| YTD 8-31-22 | 196 | $873,795 | $850,000 | 107% |
| Multi-Family | ||||
| YE 2019 | 101 | $846,758 | $810,000 | 100% |
| YE 2020 | 80 | $905,987 | $888,250 | 100% |
| YE 2021 | 109 | $944,479 | $880,000 | 102% |
| YTD 8-31-21 | 73 | $956,969 | $880,000 | 103% |
| YTD 8-31-22 | 60 | $1,065,595 | $1,068,000 | 105% |
KEY: YE = Year End YTD = Year To Date SP:OP = Sales Price to Original Price Ratio
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved
Housing Inventory Medford MA: 2019 – 2022
Comparison of the total number of residential Condominium, Single Family, and Multi-Family homes listed for sale in Medford, MA from 2019 to 2022.
| Property Type | YE 2019 | YE 2020 | YE 2021 | YTD 8-31 2021 | YTD 8-31 2022 |
| Condo: | 272 | 328 | 351 | 241 | 267 |
| Single-Family: | 324 | 338 | 371 | 255 | 234 |
| Multi-Family | 129 | 110 | 139 | 97 | 82 |
KEY: YE = Year End YTD = Year To Date
Data Source: MLS Pinergy® as of 9-23-2022
©2022 Intellectual property of Tamela Roche, all rights reserved
Location & Governance
Medford, Massachusetts is located 3.2 miles northwest of downtown Boston and comprised of 8.1 square miles of land. The zip code in Medford, MA is 02155.
Settled in 1630 and incorporated as a city in 1892; “Mayor-City Council” is the style of governance.
Residential Taxes
The Fiscal Year 2022 residential tax rate for Medford, MA is 9.01%. Residential Taxes in Massachusetts
Housing Overview
With a population of 56,173 residents, the average household size in Medford, MA is 2.38 persons and the median household income is $77,868. Of 24,046 total housing units, 54% are owner-occupied, 41% are rented and 5% are vacant.
Sources: U.S. Census Bureau 2010-2014; City of Medford MA; MLS Pinergy®
Additional Market Statistics:
Tamela Roche
Contact Tamela to schedule a Seller or Home Buyer Consultation to prepare for the sale of your home or to purchase a new home in Medford, MA.
Clients also receive my Residential Market Analysis with comprehensive market data and historical home sale trends for Medford and surrounding cities and towns.
