Is Malden, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Malden has remained a Seller's Market.
Key Takeaway
Malden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malden, MA
How much do homes in Malden, MA cost?
Median Sold Price
$662,500
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Malden have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Malden was $662,500 in April 2024, up 10.4% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $368K | +9.9% |
| 2 Bedrooms | $425K | $467.5K | +10.0% |
| 3 Bedrooms | $595K | $665K | +11.8% |
| 4 Bedrooms | $699K | $755K | +8.0% |
| 5+ Bedrooms | $860K | $857.5K | -0.3% |
Summary: Malden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in Malden, MA
How many homes are available in Malden, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 73 | 0.0% |
Summary: The Malden real estate market had 73 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 2 | -66.7% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The Malden housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 31 | +82.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malden, you could pay more than the asking price. 87.1% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Malden in April 2024, up by 82.4% month-over-month. Of the 31 sold homes, 10% were sold under asking, 3% were sold at asking, and 87% were sold over asking.
Days on Market for Malden, MA
How long does it take to sell a home in Malden, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -32.3% |
Summary: Homes in Malden had an average of 15 days on market in Apr 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malden are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Malden; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
