New - 2 days on Rocket
$8,311 Closing Credit¹
#73330891, Jennifer Keenan, Listing Office: Keller Williams Realty Boston Northwest
Medford Housing Market Report January 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 January 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$499/SqFt
+$50,016
+6.3%
Based on all homes sold in the last 12 months
Insight
Homes in Medford have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Medford was $850,000 in January 2025, up 6.3% from last year, and the median price per square foot was $499.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Somerville | $999.7K | $1.1M | +11.7% |
| Winchester | $1.3M | $1.4M | +8.7% |
| Malden | $656.6K | $711.4K | +8.3% |
| Medford | $799.9K | $850K | +6.3% |
| Everett | $660K | $650K | -1.5% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $603.4K | $529.9K | -12.2% |
| 22 Bedrooms | $625.5K | $620K | -0.9% |
| 33 Bedrooms | $772.5K | $850K | +10.0% |
| 44 Bedrooms | $980K | $981.5K | 0.2% |
| 55+ Bedrooms | $1.0M | $1.1M | +11.6% |
Summary: Medford housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -12.2%. The home price for 2 bedroom homes decreased by -0.9%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes increased by 0.2%. The home price for 5 bedroom homes increased by +11.6%.
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 |
|---|---|---|
| 86Last MonthJan 2025 | ||
| 912 months agoDec 2024 | -5.5 % Change MoMDec – Jan |
Summary: The Medford real estate market had 86 homes for sale in Jan 2025, a 5.5 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthJan 2025 | ||
| 342 months agoDec 2024 | -23.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 4 | -20.0% |
| 22 Bedrooms | 22 | 22 | 0.0% |
| 33 Bedrooms | 24 | 25 | +4.2% |
| 44 Bedrooms | 18 | 21 | +16.7% |
| 55+ Bedrooms | 22 | 14 | -36.4% |
Summary: Medford housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +4.2%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes decreased by -36.4%.
Asking Price vs. Sold Price
How much do homes in Medford, MA cost?
Over Asking Price15 Homes
At Asking Price4 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Medford, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Medford in January 2025, down by 23.5% month-over-month. Of the 26 sold homes, 27% were sold under asking, 15% were sold at asking, and and 58% 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 Days8 Homes
Over 90 Days1 Home
Insight
Many homes in Medford are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 26 homes were sold in Medford; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 29 DaysThis YearJan 2025 | ||
| 40 Days1 year agoJan 2024 | -28.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Medford had an average listing age of 29 days in Jan 2025, down by 28.0% compared to the previous year.
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Newest Listings in Medford, MA
What homes are available in Medford, MA?
New - 3 days on Rocket
$10,000 Closing Credit¹
#73330610, Rob Ramsdell, Listing Office: Gibson Sotheby's International Realty
New - 4 days on Rocket
$9,251 Closing Credit¹
#73329869, Team Blue, Listing Office: ERA Key Realty Services
New - 4 days on Rocket
$10,000 Closing Credit¹
#73329801, John Raposo, Listing Office: Encompass Property Solutions LLC
New - 5 days on Rocket
$10,000 Closing Credit¹
#73329637, Chung Lee, Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
New - 5 days on Rocket
$9,499 Closing Credit¹
#73329469, Paula Buono, Listing Office: Elite Realty Experts, LLC
Backup offers
$8,608 Closing Credit¹
#73328762, Scarlett Tamburro, Listing Office: Advisors Living - Boston
Backup offers
$10,000 Closing Credit¹
#73328464, Lior Rozhansky, Listing Office: Keller Williams Realty Evolution
Backup offers
$5,926 Closing Credit¹
#73327481, Donald Cranley, Listing Office: Century 21 North East
Backup offers
$9,974 Closing Credit¹
#73327915, Scarlett Tamburro, Listing Office: Advisors Living - Boston
$10,000 Closing Credit¹
#73327892, John Veneziano, Listing Office: RE/MAX Andrew Realty Services
$7,098 Closing Credit¹
#73327228, Dina Castiglia, Listing Office: Arcieri Real Estate
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 02/01/2023 - 02/01/2025
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: 2/1/2025, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.