New - 2 days on Rocket
$10,000 Closing Credit¹
#73340799, Michael Guimares, Listing Office: Conway - Hanover
Medway Housing Market Report February 2025•Norfolk County, Massachusetts
Housing Prices in Medway, MA
How much do homes in Medway, MA cost?
Housing Market Conditions
Is Medway, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Medway is a Neutral Market
Difference Since February 2024
At the same time last year, Medway was a Seller's Market.
Insight
Medway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$690,000$333/SqFt
+$10,000
+1.5%
Based on all homes sold in the last 12 months
Insight
Homes in Medway have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Medway was $690,000 in February 2025, up 1.5% from last year, and the median price per square foot was $333.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Norfolk | $702K | $817.5K | +16.5% |
| Franklin Town | $633.6K | $665K | +4.9% |
| Franklin | $633.6K | $665K | +4.9% |
| Medway | $680K | $690K | +1.5% |
| Holliston | $700K | $700K | 0.0% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $275K | N/A |
| 22 Bedrooms | $410K | $465K | +13.4% |
| 33 Bedrooms | $625K | $642.5K | +2.8% |
| 44 Bedrooms | $762.4K | $845K | +10.8% |
| 55+ Bedrooms | $760K | $950K | +25.0% |
Summary: Medway housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +13.4%. The home price for 3 bedroom homes increased by +2.8%. The home price for 4 bedroom homes increased by +10.8%. The home price for 5 bedroom homes increased by +25.0%.
Housing supply in Medway, MA
How many homes are available in Medway, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthFeb 2025 | ||
| 212 months agoJan 2025 | +19.0 % Change MoMJan – Feb |
Summary: The Medway real estate market had 25 homes for sale in Feb 2025, a 19.0 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthFeb 2025 | ||
| 52 months agoJan 2025 | -20.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 3 | 0.0% |
| 33 Bedrooms | 7 | 5 | -28.6% |
| 44 Bedrooms | 10 | 16 | +60.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Medway housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -28.6%. The inventory for 4 bedroom homes increased by +60.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Medway, MA cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Medway, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Medway in February 2025, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and and 25% were sold over asking.
Days on Market for Medway, MA
How long does it take to sell a home in Medway, MA?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days3 Homes
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Medway has remained consistent over time.
Summary: During February 2025, 4 homes were sold in Medway; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 35 DaysThis YearFeb 2025 | ||
| 32 Days1 year agoFeb 2024 | +10.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Medway had an average listing age of 35 days in Feb 2025, up by 10.2% compared to the previous year.
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Newest Listings in Medway, MA
What homes are available in Medway, MA?
New - 2 days on Rocket
$5,332 Closing Credit¹
#73340679, Kara Trombly, Listing Office: Suburban Lifestyle Real Estate
New - 3 days on Rocket
$6,769 Closing Credit¹
#73340253, Erin Herrick, Listing Office: MAssachusetts Real Estate Group
New - 6 days on RocketBackup offers
$8,311 Closing Credit¹
#73339378, The Kattman Team, Listing Office: ERA Key Realty Services-Bay State Group
New - 6 days on RocketBackup offers
$7,054 Closing Credit¹
#73339336, Janet Childs, Listing Office: Century 21 Custom Home Realty
Backup offers
$8,668 Closing Credit¹
#73336340, Jodi Kairit, Listing Office: Berkshire Hathaway HomeServices Page Realty
Backup offers
$10,000 Closing Credit¹
#73334932, Laina Kaplan, Listing Office: Realty Executives Boston West
Backup offers
$8,491 Closing Credit¹
#73335489, Nancy Antonio, Listing Office: Keller Williams Boston MetroWest
$8,609 Closing Credit¹
#73332157, Joshua Lioce, Listing Office: LPT Realty - Lioce Properties Group
Backup offers
$10,000 Closing Credit¹
#73330450, Michael Giovangelo, Listing Office: Better Living Real Estate, LLC
$8,311 Closing Credit¹
#73324779, Jeffrey Germagian, Listing Office: ERA Key Realty Services-Bay State Group
$10,000 Closing Credit¹
#73314216, Britta Reissfelder Group, Listing Office: Coldwell Banker Realty - Canton
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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, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.