The Downtown Medford housing market is somewhat competitive. The median sale price of a home in Downtown Medford was $536K last month, up 0.2% since last year. The median sale price per square foot in Downtown Medford is $643, up 49.3% since last year.
What is the housing market like in Downtown Medford today?
In March 2024, Downtown Medford home prices were up 0.2% compared to last year, selling for a median price of $536K. On average, homes in Downtown Medford sell after 43 days on the market compared to 48 days last year. There were 4 homes sold in March this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$536,250
+0.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Medford, MA
$536,250
+0.2%
United States
To compare other locations to the Downtown Medford and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Medford add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Medford housing market?
Downtown Medford is somewhat competitive. Homes sell in 26 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
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 12 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 16 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Medford housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Medford.
Risk Factor
Flood Factor - Severe
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Medford has a severe risk of flooding. 42 properties in Downtown Medford are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Downtown Medford. Flood risk is increasing faster than the national average.
91% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Medford has a minor risk of wildfire. There are 263 properties in Downtown Medford that have some risk of being affected by wildfire over the next 30 years. This represents 91% of all properties in Downtown Medford.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Medford has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Medford is most at risk from hurricanes. 288 properties in Downtown Medford have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 91 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 97 mph.
100% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Medford has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Medford have a Major Heat Factor®.
Downtown Medford is expected to see a 100% increase in the number of days over 97ºF over the next 30 years. Downtown Medford is expected to experience 6