How Much Do Homes Cost In Medford, MA?
Your Guide to Home Prices and Living in This Historic City
Are you considering a move to Medford, Massachusetts? Are you curious about the current housing market and what kind of budget you should plan for? Well, look no further! We're here at Flow Realty, ready to guide you through the numbers and help you make a well-informed decision.
Unpacking the Medford Housing Market
The housing market in Medford is dynamic, with prices fluctuating based on various factors such as market trends and unique characteristics of homes sold. Here's a snapshot of the current scenario:
As of last month, the median sale price of a home in Medford was $773K, marking a 2.2% decrease since last year. The median sale price per square foot stands at $483.
The average home value in Medford has been calculated at $765,363, showing a slight dip of 0.8% over the past year.
In June 2023, the median listing price for a home in Medford was $809.9K.
Currently, there are 89 homes up for sale in Medford, Middlesex County, with a median price of $753,110.
The median home cost in Medford is currently around $675,400.
The median home price in Medford is $840,500, with a median price per square foot of $492.
So, if you're looking for a home in Medford, you can expect to see prices within this range. However, remember that these figures can shift due to various factors and market dynamics.
Medford in Comparison
To provide a broader perspective, let's compare Medford's housing market with other locations:
The average home value in Massachusetts is $587,875.
Considering Boston? Be prepared for higher prices. In June 2023, the median listing home price in Boston, MA was $925K.
Why Choose Medford?
Medford isn't just about attractive home prices. It's a city with a rich history, excellent education options, and plenty of recreational activities that make it an ideal place to live.
History Buff's Dream
Founded in 1630, Medford is among the oldest English settlements in the USA. You'll find touches of history in its beautiful architecture, including historical homes and buildings, offering a charming backdrop to your daily life.
Medford houses Tufts University, a highly-ranked private research university renowned for its liberal arts and engineering programs. The city's public school system also earns high marks, serving a diverse student population.
Outdoor Enthusiast's Paradise
Nature lovers will have plenty to explore in Medford. The Middlesex Fells Reservation offers over 100 miles of trails for hiking, biking, and cross-country skiing. Plus, the Mystic River runs through the city, providing opportunities for boating and fishing.
Food Lover's Delight
From classic Italian eateries to hip coffee shops, Medford boasts a vibrant food scene that caters to all palates. You can also enjoy fresh, locally-grown produce at the weekly farmer's market.
Situated just five miles northwest of downtown Boston, Medford provides a serene residential environment within easy reach of the vibrant city. Whether you work in Boston or enjoy its cultural and entertainment offerings, you'll appreciate the short commute.
In essence, Medford marries the charm of a small town with the amenities of a larger city, making it an excellent choice for your new home. At Flow Realty, we're committed to helping you navigate the housing market and find the perfect home for you. Let's start your home-buying journey in Medford together!