New - 57 minutes on Rocket
$10,000 Closing Credit¹
#73340798, Steve McKenna & The Home Advantage Team, Listing Office: Gibson Sotheby's International Realty
Medford Housing Market Report February 2025•Middlesex County, Massachusetts
Housing Prices in Medford, MA
How much do homes in Medford, MA cost?
Housing Market Conditions
Is Medford, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Medford is a Seller's Market
Difference Since February 2024
Since last year, Medford has remained a Seller's Market.
Insight
Medford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$850,000$500/SqFt
+$49,500
+6.2%
Based on all homes sold in the last 12 months
Insight
Homes in Medford have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Medford was $850,000 in February 2025, up 6.2% from last year, and the median price per square foot was $500.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Somerville | $999.8K | $1.1M | +11.0% |
| Malden | $653K | $719K | +10.1% |
| Winchester | $1.3M | $1.4M | +7.7% |
| Medford | $800.5K | $850K | +6.2% |
| Everett | $660K | $652.5K | -1.1% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $606.9K | $535K | -11.8% |
| 22 Bedrooms | $626K | $622.5K | -0.6% |
| 33 Bedrooms | $780K | $849.5K | +8.9% |
| 44 Bedrooms | $980K | $986K | +0.6% |
| 55+ Bedrooms | $1.0M | $1.1M | +12.6% |
Summary: Medford housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.8%. The home price for 2 bedroom homes decreased by -0.6%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +0.6%. The home price for 5 bedroom homes increased by +12.6%.
Housing supply in Medford, MA
How many homes are available in Medford, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 76Last MonthFeb 2025 | ||
| 842 months agoJan 2025 | -9.5 % Change MoMJan – Feb |
Summary: The Medford real estate market had 76 homes for sale in Feb 2025, a 9.5 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthFeb 2025 | ||
| 272 months agoJan 2025 | -18.5 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 5 | +66.7% |
| 22 Bedrooms | 21 | 12 | -42.9% |
| 33 Bedrooms | 26 | 24 | -7.7% |
| 44 Bedrooms | 20 | 21 | +5.0% |
| 55+ Bedrooms | 14 | 14 | 0.0% |
Summary: Medford housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +66.7%. The inventory for 2 bedroom homes decreased by -42.9%. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes increased by +5.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Medford, MA cost?
Over Asking Price10 Homes
At Asking Price3 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in Medford, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Medford in February 2025, down by 18.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and and 45% were sold over asking.
Days on Market for Medford, MA
How long does it take to sell a home in Medford, MA?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days3 Homes
Over 90 Days2 Homes
Insight
Many homes in Medford are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 22 homes were sold in Medford; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearFeb 2025 | ||
| 38 Days1 year agoFeb 2024 | -27.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Medford had an average listing age of 28 days in Feb 2025, down by 27.4% compared to the previous year.
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Newest Listings in Medford, MA
What homes are available in Medford, MA?
New - 4 hours on Rocket
$9,500 Closing Credit¹
#73340706, Nicole Fabiano, Listing Office: Century 21 CELLI
New - 23 hours on Rocket
$10,000 Closing Credit¹
#73340387, Andersen Group Realty, Listing Office: Keller Williams Realty Boston Northwest
New - 1 day on Rocket
$9,975 Closing Credit¹
#73340272, Dot Collection, Listing Office: Access
New - 1 day on Rocket
$7,955 Closing Credit¹
#73338707, Aldo Masciave, Listing Office: Leading Edge Real Estate
New - 1 day on Rocket
$7,718 Closing Credit¹
#73340144, Joseph Firicano, Listing Office: Boston Hub Real Estate
New - 3 days on Rocket
$10,000 Closing Credit¹
#73339702, Alla Iokheles, Listing Office: Rufo Realty
New - 4 days on Rocket
$10,000 Closing Credit¹
#73339541, James Joly, Listing Office: Boardwalk Real Estate
New - 5 days on Rocket
$8,764 Closing Credit¹
#73338982, Joanne Beaubrun, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
New - 5 days on Rocket
$9,488 Closing Credit¹
#73338687, Matthew Woods, Listing Office: Coldwell Banker Realty - Belmont
New - 7 days on Rocket
$10,000 Closing Credit¹
#73337927, The Movement Group, Listing Office: Compass
New - 7 days on Rocket
$9,500 Closing Credit¹
#73337918, Skambas Realty Group, Listing Office: Compass
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Based on information from MLS Property Information Network Inc., for the period 03/01/2023 - 03/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 12:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.