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Medford, Ma December Market Report. 'Tis The Season!

By
Real Estate Agent with dddd

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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