Medford, MA Housing Market
The Medford housing market is very competitive. Homes in Medford receive 6 offers on average and sell in around 23 days. The median sale price of a home in Medford was $810K last month, up 15.3% since last year. The median sale price per square foot in Medford is $597, up 32.4% since last year.
Medford Housing Market Trends
In March 2024, Medford home prices were up 15.3% compared to last year, selling for a median price of $810K. On average, homes in Medford sell after 23 days on the market compared to 19 days last year. There were 58 homes sold in March this year, up from 30 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 17 days.
- Hot homescan sell for about 5% above list price and go pending in around 6 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 26 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 1% above list price and go pending in around 17 days.
- Hot homescan sell for about 6% 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|5 Weeks Ago~$600K OfferSold for $650K2 bd | 1 ba | ~1,250 sqftOver List Price7%Days on Market14Competing Offers14Down Payment~10%
- Offer Not Accepted|8 Weeks Ago~$550K OfferSold for $550K2 bd | 1.5 ba | ~1,250 sqftOver List Price15%Days on Market18Competing Offers10Down Payment~20%
View houses in Medford that sold recently
Recently sold homes
- $565,000 Last Sold Price2 beds2 baths1,124 sq ft500 Salem St #706, Medford, MA 02155List Price$549,900Sale to List3% over listDays on Market30 days500 Salem St #706, Medford, MA 02155
- $520,000 Last Sold Price1 bed1 bath844 sq ft30 Revere Beach Pkwy #507, Medford, MA 02155List Price$499,000Sale to List4% over listDays on Market29 days30 Revere Beach Pkwy #507, Medford, MA 02155
- $1,625,000 Last Sold Price8 beds3 baths2,985 sq ft22 Harris Rd, Medford, MA 02155List Price$1,675,000Sale to List3% under listDays on Market50 days22 Harris Rd, Medford, MA 02155
- $685,000 Last Sold Price2 beds1 bath937 sq ft15 St Clements Rd #1, Medford, MA 02155List Price$685,000Sale to List0% over listDays on Market30 days15 St Clements Rd #1, Medford, MA 02155
- $565,000 Last Sold Price3 beds2 baths1,751 sq ft72 Almont St, Medford, MA 02155List Price$499,000Sale to List13% over listDays on Market77 days72 Almont St, Medford, MA 02155
- $1,049,000 Last Sold Price3 beds2 baths2,272 sq ft6 Talbot St, Medford, MA 02155List Price$979,000Sale to List7% over listDays on Market43 days6 Talbot St, Medford, MA 02155
- $1,130,000 Last Sold Price3 beds2.5 baths1,936 sq ft7 Poole St, Medford, MA 02155Redfin Corp.List Price$979,900Sale to List15% over listDays on Market28 days7 Poole St, Medford, MA 02155
- $869,900 Last Sold Price2 beds2 baths1,432 sq ft320 Middlesex Ave Unit F302, Medford, MA 02155List Price$869,900Sale to List0% over listDays on Market69 days320 Middlesex Ave Unit F302, Medford, MA 02155
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 | 229 Students | 6 reviews |
9/10 Lincoln Elementary School Public • K-5 | 431 Students | 2 reviews |
9/10 Gibbs School Public • 6 | 463 Students | N/A |
8/10 Thompson Elementary School Public • K-5 | 507 Students | 7 reviews |
8/10 West Somerville Neighborhood School Public • PreK-8 | 370 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
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Wind Factor - Major
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Wind likelihood over time
Heat Factor - Major
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Transportation in Medford
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