The Downtown Methuen housing market is very competitive. The median sale price of a home in Downtown Methuen was $473K last month, up 5.0% since last year. The median sale price per square foot in Downtown Methuen is $276, down 9.51% since last year.
What is the housing market like in Downtown Methuen today?
In March 2024, Downtown Methuen home prices were up 5.0% compared to last year, selling for a median price of $473K. On average, homes in Downtown Methuen sell after 21 days on the market compared to 21 days last year. There were 24 homes sold in March this year, up from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$472,500
+5.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Methuen, MA
$472,500
+5.0%
United States
To compare other locations to the Downtown Methuen and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Methuen add value to a home.
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How hot is the Downtown Methuen housing market?
Downtown Methuen is very competitive. Homes sell in 16.5 days.
0
100
88
Very 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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 17 days.
Hot homes
can sell for about 6% above list price and go pending in around 8 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 Methuen housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Methuen.
Risk Factor
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Methuen has a major risk of flooding. 240 properties in Downtown Methuen are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Downtown Methuen. Flood risk is increasing slower than the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Methuen has a moderate risk of wildfire. There are 690 properties in Downtown Methuen that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in Downtown Methuen.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Methuen has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Methuen is most at risk from hurricanes. 3,501 properties in Downtown Methuen 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 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 92 mph.
74% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Methuen has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 74% of homes in Downtown Methuen have a Major Heat Factor®.
Downtown Methuen is expected to see a 100% increase in the number of days over 97ºF over the next 30 years. Downtown Methuen is expected to experience 6