Medford, MA Housing Market
The Medford housing market is very competitive. Homes in Medford receive 8 offers on average and sell in around 18 days. The median sale price of a home in Medford was $877K last month, up 32.6% since last year. The median sale price per square foot in Medford is $536, up 8.2% since last year.
Medford Housing Market Trends
In April 2024, Medford home prices were up 32.6% compared to last year, selling for a median price of $877K. On average, homes in Medford sell after 18 days on the market compared to 19 days last year. There were 41 homes sold in April this year, down from 52 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Medford housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 15 days.
- Hot homescan sell for about 9% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 22 days.
- Hot homescan sell for about 3% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 16 days.
- Hot homescan sell for about 8% above list price and go pending in around 8 days.
Medford Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Medford from outside metros.
- New York homebuyers searched to move into Medford more than any other metro followed by Hartford and San Francisco.
- 82% of Medford homebuyers searched to stay within the Medford metropolitan area.
- Portland was the most popular destination among Medford homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Medford
Recent offers
- Offer Not Accepted|8 Weeks Ago~$600K OfferSold for $650K2 bd | 1 ba | ~1,250 sqftOver List Price7%Days on Market14Competing Offers14Down Payment~10%
- Offer Not Accepted|6 Weeks Ago~$900K OfferSold for $900K3 bd | 2 ba | ~2,500 sqftOver List Price12%Days on Market22Competing Offers10Down Payment<10%
- Offer Not Accepted|7 Weeks Ago~$800K OfferSold for $1M3 bd | 3 ba | ~1,750 sqftOver List Price2%Days on Market21Competing Offers24Down Payment~30%
- Offer Not Accepted|7 Weeks Ago~$900K OfferSold for $1M3 bd | 3 ba | ~1,750 sqftOver List Price12%Days on Market21Competing Offers24Down Payment<10%
View houses in Medford that sold recently
Recently sold homes
- $625,000 Last Sold Price2 beds1 bath914 sq ft46 Orchard St #1, Medford, MA 02155List Price$629,900Sale to List1% under listDays on Market65 days46 Orchard St #1, Medford, MA 02155
- $1,300,000 Last Sold Price3 beds1.5 baths1,965 sq ft66 Adams St, Medford, MA 02155List Price$999,000Sale to List30% over listDays on Market44 days66 Adams St, Medford, MA 02155
- $1,100,000 Last Sold Price4 beds3 baths2,157 sq ft105-107 Willis Ave #105, Medford, MA 02155List Price$1,049,000Sale to List5% over listDays on Market37 days105-107 Willis Ave #105, Medford, MA 02155
- $613,000 Last Sold Price1 bed1 bath807 sq ft320 Middlesex Ave Unit C103, Medford, MA 02155List Price$609,000Sale to List1% over listDays on Market50 days320 Middlesex Ave Unit C103, Medford, MA 02155
- $950,000 Last Sold Price3 beds1.5 baths1,746 sq ft215 High St, Medford, MA 02155List Price$875,000Sale to List9% over listDays on Market70 days215 High St, Medford, MA 02155
- $800,000 Last Sold Price3 beds2 baths1,300 sq ft55 Hunewill Ave, Medford, MA 02155List Price$729,900Sale to List10% over listDays on Market77 days55 Hunewill Ave, Medford, MA 02155
- $705,000 Last Sold Price2 beds2 baths1,206 sq ft3920 Mystic Valley Pkwy #1120, Medford, MA 02155List Price$699,000Sale to List1% over listDays on Market15 days3920 Mystic Valley Pkwy #1120, Medford, MA 02155
- $937,000 Last Sold Price3 beds2 baths1,623 sq ft15 Winslow Ave, Medford, MA 02155List Price$790,000Sale to List19% over listDays on Market56 days15 Winslow Ave, Medford, MA 02155
See all recently sold homes in Medford.
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Schools in Medford
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Benjamin G. Brown School Public • K-5 | 225 Students | 6 reviews |
9/10 Lincoln Elementary School Public • K-5 | 393 Students | 2 reviews |
9/10 Gibbs School Public • 6 | 483 Students | N/A |
8/10 Thompson Elementary School Public • K-5 | 479 Students | 7 reviews |
8/10 West Somerville Neighborhood School Public • PreK-8 | 380 Students | 4 reviews |
Climate's impact on Medford housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Medford.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Medford
Walk Score®
Transit Score®
Bike Score®
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