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# SoldAvg. Sale $Median Sale $SP:OP
Condo
YE 2019201$551,214$540,00098%
YE 2020214$601,186$569,000100%
YE 2021316$631,401$610,000100%
YTD 8-31-21214$625,506$600,000101%
YTD 8-31-22226$696,323$629,900102%
Single Family
YE 2019281$656,173$630,000100%
YE 2020271$706,113$670,000101%
YE 2021328$771,635$750,000103%
YTD 8-31-21202$783,910$741,000104%
YTD 8-31-22196$873,795$850,000107%
Multi-Family
YE 2019101$846,758$810,000100%
YE 202080$905,987$888,250100%
YE 2021109$944,479$880,000102%
YTD 8-31-2173$956,969$880,000103%
YTD 8-31-2260$1,065,595$1,068,000105%

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 TypeYE 2019YE 2020YE 2021YTD 8-31 2021YTD 8-31 2022
Condo:272328351241267
Single-Family:324338371255234
Multi-Family1291101399782

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®

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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.