Is Malden, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Malden has remained a Seller's Market.
Housing Prices in Malden, MA
How much do homes in Malden, MA cost?
Median Sold Price
$660,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Malden was $660,000 in March 2024, up 8.1% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $368K | +9.9% |
2 Bedrooms | $420K | $467.5K | +11.3% |
3 Bedrooms | $600K | $660K | +10.0% |
4 Bedrooms | $705K | $735K | +4.3% |
5+ Bedrooms | $852.5K | $853.7K | 0.1% |
Summary: Malden housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Malden, MA
How many homes are available in Malden, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 65 | +1.6% |
Summary: The Malden real estate market had 65 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Malden housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Malden in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -56.9% |
Summary: Homes in Malden had an average of 16 days on market in Mar 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Malden; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.