Is Medway, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medway is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Medway was a Seller's Market.

Key Takeaway

Medway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Medway, MA cost?

Median Sold Price

$580,000

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$35,000(+6.4%)

Key Takeaway

Homes in Medway have sold for 6.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $240K-
N/A
2 $339K$355K
+4.7%
3 $514K$543.5K
+5.7%
4 $677.5K$770K
+13.7%
5+ $665K$664.9K
0%

Median Sold Price Compared To Nearby Cities

Holliston
+10.9%
Franklin Town
+9.2%
Franklin
+8.8%
Medway
+6.4%
Norfolk
+4.7%

How many homes are available in Medway, MA?

Number of Homes For Sale

Dec 2022Jan 2023%
3126-16.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 31
-66.7%
3 87
-12.5%
4 1513
-13.3%
5+ 55
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
114-63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medway, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
27 Days43 Days+58.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Medway are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

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21 High St Unit A, Medway, MA 02053

$489,900

2

2

1,678 SqFt

21 High St Unit A, Medway MA, 02053

Darla Prentice

Listing Office:

Prentice Realty Group

#73076314

MLS logo
95 Winthrop St, Medway, MA 02053

$899,900

4

3 Full, 1 Partial

3,250 SqFt

95 Winthrop St, Medway MA, 02053

Zachary Aicardi

Listing Office:

Mendon Area Real Estate

#73074681

MLS logo
33 Milford St Unit A, Medway, MA 02053

$739,900

3

2 Full, 1 Partial

3,200 SqFt

33 Milford St Unit A, Medway MA, 02053

Darla Prentice

Listing Office:

Prentice Realty Group

#73072542

MLS logo
100 Summer St, Medway, MA 02053

$950,000

6

4 Full, 1 Partial

3,656 SqFt

100 Summer St, Medway MA, 02053

Janet Childs

Listing Office:

Berkshire Hathaway HomeServices Page Realty

#73071642

MLS logo
146-148 Village St, Medway, MA 02053

Backup Offers

$749,000

5

5

3,419 SqFt

146-148 Village St, Medway MA, 02053

Karen Van de Water

Listing Office:

Coldwell Banker Realty - Westwood

#73071335

MLS logo
33 Milford St Unit A, Medway, MA 02053

$739,900

3

2 Full, 1 Partial

3,200 SqFt

33 Milford St Unit A, Medway MA, 02053

Darla Prentice

Listing Office:

Prentice Realty Group

#73070070

MLS logo
9 Elm St, Medway, MA 02053

$549,900

3

1 Full, 1 Partial

1,550 SqFt

9 Elm St, Medway MA, 02053

Darla Prentice

Listing Office:

Prentice Realty Group

#73070059

MLS logo
8 Barber St, Medway, MA 02053

$455,000

4

2 Full, 1 Partial

2,003 SqFt

8 Barber St, Medway MA, 02053

Dakota Richards

Listing Office:

ERA M Connie Laplante

#73068884

MLS logo
160 Holliston St, Medway, MA 02053

$1,299,000

4

3 Full, 1 Partial

3,946 SqFt

160 Holliston St, Medway MA, 02053

Faina Shapiro

Listing Office:

Berkshire Hathaway HomeServices Page Realty

#73064804

MLS logo
8 Meadow Rd, Medway, MA 02053

Backup Offers

$575,000

4

2 Full, 1 Partial

2,200 SqFt

8 Meadow Rd, Medway MA, 02053

Faina Shapiro

Listing Office:

Berkshire Hathaway HomeServices Page Realty

#73063188

MLS logo
3 Wamesit St, Medway, MA 02053

$414,900

2

1

1,128 SqFt

3 Wamesit St, Medway MA, 02053

Roseanne Grinsell Simmons

Listing Office:

A B Realty Group

#73061878

MLS logo
83 Main St, Medway, MA 02053

Backup Offers

$499,900

3

1

1,174 SqFt

83 Main St, Medway MA, 02053

Tariq Fayyad

Listing Office:

Pinto Real Estate

#73060435

MLS logo

About Medway, MA

Medway, MA has 26 homes on the market. Between December 2022 and January 2023, Medway, MA real estate market has seen decrease in the number of listings by 16.1%. Listings spent 43 days on the market in January 2023, and had a median list price of $580,000 during the same period. This housing market listing prices have changed between December 2022 and January 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 4.7%, 3 bedrooms properties prices increased by 5.7%, 4 bedrooms properties became 13.7% more expensive, 5 bedrooms properties prices did not change. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 66.7%, number of 3 bedrooms homes decreased by 12.5%, the quantity of 4 bedrooms homes went down by 13.3%, 5 bedrooms homes did not move. Over 2 listings were sold over their listed price in January 2023 in Medway, MA. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 02/01/2021 - 02/01/2023

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 2/6/2023, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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