Todays Market Report

Medford, MA

Single-Family Homes



Medford, MA

Wed Oct 09 2024
This week the median list price for Medford, MA is $971,999 with the market action index hovering around 69. This is less than last month's market action index of 71. Inventory has increased to 32. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Medford, MA

Wed Oct 09 2024
This week the median list price for Medford, MA is $971,999 with the market action index hovering around 69. This is less than last month's market action index of 71. Inventory has increased to 32. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Medford market.
Median List Price $971,999
Median Price of New Listings $1,175,000
Per Square Foot $506
Average Days on Market 40
Median Days on Market 14
Price Decreased 28%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent
Market Action 69
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,609,500 3,332 0.25 - 0.5 acre 4 3.3 89 1 0 24
$1,187,450 2,815 6,500 - 8,000 sqft 4 3 84 2 0 10
$859,450 1,494 4,500 - 6,500 sqft 3 2 106 1 1 17
$694,450 1,337 4,500 - 6,500 sqft 3 1.5 91 1 2 17