$8,063 Closing Credit*
$679,000
1,482 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73312445, Dawn Felicani, Listing Office: Gibson Sotheby's International Realty
Is Arlington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Arlington has remained a Seller's Market.
Key Takeaway
Arlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arlington, MA
How much do homes in Arlington, MA cost?
Median Sold Price
$1,021,388
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,888(+2.9%)
Key Takeaway
Homes in Arlington have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Arlington was $1,021,388 in October 2024, up 2.9% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $389K | +4.6% |
| 2 Bedrooms | $652K | $677.5K | +3.9% |
| 3 Bedrooms | $957.5K | $980K | +2.3% |
| 4 Bedrooms | $1.2M | $1.2M | +3.5% |
| 5+ Bedrooms | $1.3M | $1.4M | +5.9% |
Summary: Arlington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Medford | $765K | $850K | +11.1% |
| Belmont | $1.2M | $1.3M | +10.9% |
| Winchester | $1.3M | $1.4M | +8.8% |
| Lexington | $1.4M | $1.5M | +7.1% |
| Arlington | $992.5K | $1.0M | +2.9% |
Housing Supply in Arlington, MA
How many homes are available in Arlington, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Summary: The Arlington real estate market had 124 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 27 | 23 | -14.8% |
| 3 Bedrooms | 35 | 43 | +22.9% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Arlington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Arlington in October 2024, the same as the previous month. Of the 39 sold homes, 31% were sold under asking, 10% were sold at asking, and 59% were sold over asking.
Days on Market for Arlington, MA
How long does it take to sell a home in Arlington, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | -0.9% |
Summary: Homes in Arlington had an average of 25 days on market in Oct 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arlington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Arlington; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
