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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Medford Real Estate Market in May 2009

Medford MassachusettsTime to take a look at the Medford Real Estate Market in May 2009.

Medford Real Estate – On Market Snapshot

134 residential properties were on the market in Medford on May 31, 2009.   The least expensive home was listed for $139,900, the most expensive for $950,000. Average days on market was 112.  The median price of homes for sale in Medford was $369,900.

Real Estate Sales in Medford MA in May 2009

46 properties sold in Medford in May with an average sales price of $313,424 – an increase over April’s sales of more than 30%.  The median sales price was $290,000. Average days on market was 120.  Homes sold for an average of 95% of asking price.

17 Medford single family homes sold in May.  The least expensive sale was for $175,000. The most expensive house sold for $535,000. The median price for a single family house was $320,000.  Average days on market was 100.  Homes sold for an average of 96% of asking price.

There were 21 condominium sales in Medford in May. The least expensive condo sold for $105,000.  The most expensive Medford condo sold in May for $455,000.  The median condominium sales price was $243,000.  Condos sold for an average of 95% of the asking price.  Average days on market was 133.

multi-family properties sold in May.  Multi-family homes sold for an average of 94% of list price. The lowest price paid for a multi-unit house was $290,000.  The highest sale price was $535,000. The median sales price was $425,000. .  Average days on market was 127. 

Total Medford residential real estate sales volume closed in May was $14,417,500.

Also see:  

Information about the Medford real estate market in May 2009 was based on data in MLSpin

Categories: Real Estate Market Info

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