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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 MA Real Estate Market – January-October 2011

Medford MA Real Estate Market

Medford MA Real Estate Market

Wondering how the real estate market is doing in Medford?  So are we,  so we decided to pause and take a look at the Medford MA real estate market for January to October 2011.

Last year’s numbers for the same period are in parentheses.

Overall the numbers of properties sold in Medford remained stable though houses took longer to sell and the median price was down.  Average days on market increased by more than 25% and the median sales price dipped by 4% . 

Quite a few more single family houses sold this year than last but prices were down a bit.   The number of single family homes sold in Medford increased by almost 15% but the median price dipped by 3%.  On the other hand, approximately 20% fewer multi-family houses sold in 2011 than sold in the same period in 201o but the median price did not budge.

On October 31, 2011 191 properties were listed for sale in Medford.  That’s just about the same position we were in last year when 193 properties were on the market on October 31st.

Residential real estate sold in Medford – Jan-Oct 2011:

  • 382 properties (376)
  • Average days on market = 91 (72)
  • Properties sold for an average of 97%  of asking price (97%) 
  • Median price of $336,000 ($347,500)

Medford Single Family Sales – Jan-Oct 2011

  • Total sold: 195 (170 )
  • Sale prices ranged from $135,000 – $768,500  ($132,000 – $744,000)
  • Median price: $348,800  ($360,914)
  • Average days on market: 90   (73)
  • On average, houses sold for 97% of asking price   (97% )

Medford Condo Sales – Jan-Oct 2011

  • Total sold: 126  (130)
  • Sale prices ranged from $136,000 – $600,000  ($157,500 – $525,000)
  • Median price: $286,500  ($294,500)
  • Average days on market: 94  (77)
  • On average, condos sold for 97% of asking price   (97%)

Medford Multi-Family Sales – Jan-Oct 2011

  • Total sold: 61  (76)
  • Sale prices ranged from $225,000 – $660,000  ($230,000 – $635,000)
  • Median price: $415,000  ($415,000)
  • Average days on market: 91  (63)
  • On average, multi-unit houses sold for 95% of asking price  (98% )




Info about Medford MA real estate market in 2011 (2010) from MLSpin

Categories: Real Estate Market Info

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