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 2021 residential tax rate for Medford, MA is 9.41%.
Sources: U.S. Census Bureau 2010-2014; City of Medford, MA; MLS Pinergy®
Residential Sales 2019 – 2020: Medford, MA
Comparison of market statistics for residential Condo, Single Family, and Multi-Family properties SOLD in Medford, MA by Tamela Roche, Realtor®.
| # Sold | Avg. Sale $ | Median Sale $ | SP:OP | |
| Condo | ||||
| YE 2019 | 201 | $551,214 | $540,000 | 98% |
| YE 2020 | 214 | $601,186 | $569,000 | 100% |
| Single Family | ||||
| YE 2019 | 281 | $656,173 | $630,000 | 100% |
| YE 2020 | 270 | $707,384 | $671,000 | 101% |
| Multi-Family | ||||
| YE 2019 | 101 | $846,758 | $810,000 | $100% |
| YE 2020 | 80 | $905,987 | $888,250 | 100% |
SP:OP = Sales Price to Original Price Ratio. Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.
Residential Inventory 2019 – 2020: 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 2019 | YE 2020 | |
| Condo: | 272 | 326 |
| Single-Family: | 324 | 338 |
| Multi-Family | 129 | 110 |
Data Source: MLS Pinergy®
©2021 Intellectual property of Tamela Roche, all rights reserved.
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