Real Estate Market Update for 02155 (Medford, MA)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 47% from one year earlier and down 31% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 2% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 360-thousand dollars. The number of units sold Decreased 14% year-over-year and Decreased 44% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 02155 (Medford, MA)
Area Information for 02155 (Medford, MA)
  • Community Character: Nearby Military Facility(ies), Low Residential Turnover, Suburb of Boston
  • Population: 57,305
  • Median Age: 38.88 yr
  • Median Commute Time: 25.04 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 145
  • Sales Tax: 5%
  • Population Density: 6,994/sq mi
  • Population Change Since 2000: 1%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Tufts University
  • Closest Jr. College: Bunker Hill Community College
  • Median Household Income: $69,540
  • Annual Residential Turnover: 15.13%
  • Median Years in Residence: 4.83 yr
  • Median Home Sales Price: $316,000
  • Closest Major Sports Team: Boston Celtics / Boston Bruins
  • Change Avg. Household Income Since 2000: 32%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 02155 (Medford, MA)
Median Age: 38.88 Married: 36% Number of Households: 23,303 Households with Children: 5,589
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 02155 (Medford, MA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Francis Of Assisi School 0.3 mi Private PRESCHOOL-8 0 5
      Milton Fuller Roberts 0.5 mi Public PRESCHOOL-5 0 0
      St. Joseph Elementary School 0.5 mi Private PRESCHOOL-8 0 4
      Medford High School 0.9 mi Public 9-12 2-5 3
      Medford Vocational Tech High School 0.9 mi Public 9-12 2 4
      Eliot-pearson Children's School 1.1 mi Private PRESCHOOL-2 0 5
      Brooks Elementary School 1.1 mi Public PRESCHOOL-5 3 5
      St. Raphael Elementary School 1.4 mi Private PRESCHOOL-8 0 5
      Resources For Human Development 1.4 mi Private - 0 0
      John J. Mcglynn Middle School 1.5 mi Public 6-8 2-5 3
      John J Mcglynn Elementary School 1.5 mi Public PRESCHOOL-5 2-5 5
      Madeleine Dugger Andrews 1.5 mi Public 6-8 0 0
      Curtis-tufts High School 1.6 mi Public 9-12 0 4
      St. Clement High School 1.6 mi Private PRESCHOOL-12 0 5
      Christopher Columbus 1.7 mi Public K-5 0 0
      Child Development Center 1.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 02155 (Medford, MA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.