Eric Raynor

Medford, MA

Condos/Townhomes

Real Estate Agent



Medford, MA

Sun Dec 22 2024
This week the median list price for Medford, MA is $699,900 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 23. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Medford, MA

Sun Dec 22 2024
This week the median list price for Medford, MA is $699,900 with the market action index hovering around 52. This is an increase over last month's market action index of 50. Inventory has decreased to 23. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Medford market.
Median List Price $699,900
Median Price of New Listings $559,900
Per Square Foot $566
Average Days on Market 46
Median Days on Market 42
Price Decreased 39%
Price Increased 0%
Relisted 0%
Inventory 23
Median Rent
Market Action 52
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,155,000 2,000 0 - 4,500 sqft 4 2.5 104 0 1 77
$859,450 1,440 0 - 4,500 sqft 2 2.3 104 0 2 45
$624,000 1,138 - 2 1.5 69 4 1 0
$492,200 669 - 1 1 74 3 1 31