Medford, MA Housing Market
The Medford housing market is most competitive. Homes in Medford receive 8 offers on average and sell in around 18 days. The median sale price of a home in Medford was $874K last month, up 32.1% since last year. The median sale price per square foot in Medford is $538, up 8.7% since last year.
Medford Housing Market Trends
In April 2024, Medford home prices were up 32.1% compared to last year, selling for a median price of $874K. On average, homes in Medford sell after 18 days on the market compared to 19 days last year. There were 40 homes sold in April this year, down from 52 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Medford housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 15 days.
- Hot homescan sell for about 9% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 23 days.
- Hot homescan sell for about 2% above list price and go pending in around 14 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 16 days.
- Hot homescan sell for about 7% above list price and go pending in around 8 days.
Medford Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Medford from outside metros.
- New York homebuyers searched to move into Medford more than any other metro followed by Hartford and San Francisco.
- 82% of Medford homebuyers searched to stay within the Medford metropolitan area.
- Portland was the most popular destination among Medford homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Medford
Recent offers
- Offer Not Accepted|7 Weeks Ago~$600K OfferSold for $650K2 bd | 1 ba | ~1,250 sqftOver List Price7%Days on Market14Competing Offers14Down Payment~10%
- Offer Not Accepted|5 Weeks Ago~$900K OfferSold for $900K3 bd | 2 ba | ~2,500 sqftOver List Price12%Days on Market22Competing Offers10Down Payment<10%
- Offer Not Accepted|5 Weeks Ago~$800K OfferSold for $1M3 bd | 3 ba | ~1,750 sqftOver List Price2%Days on Market21Competing Offers24Down Payment~30%
- Offer Not Accepted|6 Weeks Ago~$900K OfferSold for $1M3 bd | 3 ba | ~1,750 sqftOver List Price12%Days on Market21Competing Offers24Down Payment<10%
View houses in Medford that sold recently
Recently sold homes
- $350,000 Last Sold Price0 beds1 bath877 sq ft474 Broadway #110, Somerville, MA 02145List Price$399,000Sale to List12% under listDays on Market246 days474 Broadway #110, Somerville, MA 02145
- $1,100,000 Last Sold Price6 beds2 baths2,728 sq ft58 Windsor Rd, Medford, MA 02155List Price$1,200,000Sale to List8% under listDays on Market21 days58 Windsor Rd, Medford, MA 02155
- $410,000 Last Sold Price2 beds1 bath694 sq ft3 Washington St #5, Medford, MA 02155List Price$408,900Sale to List0% over listDays on Market37 days3 Washington St #5, Medford, MA 02155
- $989,000 Last Sold Price4 beds3 baths1,722 sq ft91 Wright Ave #2, Medford, MA 02155List Price$989,000Sale to List0% over listDays on Market58 days91 Wright Ave #2, Medford, MA 02155
- $375,000 Last Sold Price2 beds1 bath794 sq ft6 Hadley Pl #3, Medford, MA 02155List Price$389,999Sale to List4% under listDays on Market96 days6 Hadley Pl #3, Medford, MA 02155
- $725,000 Last Sold Price3 beds2.5 baths1,249 sq ft35 Franklin St #3, Medford, MA 02155List Price$750,000Sale to List3% under listDays on Market84 days35 Franklin St #3, Medford, MA 02155
- $505,000 Last Sold Price3 beds1 bath894 sq ft154 High St #301, Medford, MA 02155List Price$510,000Sale to List1% under listDays on Market100 days154 High St #301, Medford, MA 02155
- $450,000 Last Sold Price2 beds1.5 baths936 sq ft111 Devir St #101, Malden, MA 02148List Price$400,000Sale to List13% over listDays on Market36 days111 Devir St #101, Malden, MA 02148
See all recently sold homes in Medford.
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Schools in Medford
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Benjamin G. Brown School Public • K-5 | 225 Students | 6 reviews |
9/10 Lincoln Elementary School Public • K-5 | 393 Students | 2 reviews |
9/10 Gibbs School Public • 6 | 483 Students | N/A |
8/10 Thompson Elementary School Public • K-5 | 479 Students | 7 reviews |
8/10 West Somerville Neighborhood School Public • PreK-8 | 380 Students | 4 reviews |
Climate's impact on Medford housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Medford.
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Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
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Transportation in Medford
Walk Score®
Transit Score®
Bike Score®
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