Medford, Massachusetts December 08' Market Report
Dan Tucci
REALTOR®
American Hallmark Realtors
TucciRealEstate@gmail.com (617) 816-7603
Medford currently has 50 Single Family Listings for sale through the Multiple Listing Service (MLS), The average asking price is $361,983, and the average days on the market for those homes for sale has been 157 days.
Medford currently has 79 Condominium Listings for The average asking price is $327,647 and the average days on the market for those homes for sale has been 116 days.
Medford currently has 43 Multi-Family Listings for sale. The average asking price is $432,439 and the average days on the market for those homes for sale has been 169 days.
During the month of December, we have seen 7 Medford, Ma single family homes under agreement. The average asking price of those homes was $317,014 and the average days on the market was 92 days for those homes.
4 Medford, Ma condominiums under agreement. The average asking price of those homes was $312,175 and the average days on the market was 99 days for those homes.
And 4 Medford, Ma Multi-Families under agreement. The average asking price of those homes was $415,725 and the average days on the market was 188 days for those homes.
11 single family homes in Medford sold/closed during December, and the average selling price of those homes that sold was $374,727, with the average total days on the market for those homes being 74 days. Those sellers who sold their homes in Medford during December received 95.6% of their last asking prices.
3 condominiums in Medford sold/closed during December, and the average selling price of those homes that sold was $232,833, with the average total days on the market for those homes being 103 days. Those sellers who sold their condos in Medford during December received 94.5% of their last asking prices.
9 Multi Families in Medford sold/closed during December, and the average selling price of those homes that sold was $396,182, with the average total days on the market for those homes being 173 days. Those sellers who sold their condos in Medford during December received 92.7% of their last asking prices.
We saw 26 homes/condos/multi family homes in Medford expire from the market without selling. The main reason homes don't sell during their listing period is they were priced incorrectly for the market and/or condition of the home. And most likely, these 26 homes didn't sell because they weren't priced correctly, and buyers didn't see these properties as a good value for the money.
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