$10,000 Closing Credit*
$1,149,000
2,778 SqFt
7 Beds
•3 Full Baths
#73322726, Laxmi Khanal, Listing Office: StartPoint Realty
Is Malden, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$715,000
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$65,000(+10.0%)
Key Takeaway
Homes in Malden have sold for 10% more than they did a year ago.
Summary: The median home sold price in Malden was $715,000 in December 2024, up 10% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368K | $363K | -1.4% |
| 2 Bedrooms | $443.5K | $499.9K | +12.7% |
| 3 Bedrooms | $649.9K | $716.5K | +10.2% |
| 4 Bedrooms | $722.5K | $810K | +12.1% |
| 5+ Bedrooms | $850K | $900K | +5.9% |
Summary: Malden housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in Malden, MA
How many homes are available in Malden, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 78 | 56 | -28.2% |
Summary: The Malden real estate market had 56 homes for sale in December 2024, a 28.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 24 | 14 | -41.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 20 | 10 | -50.0% |
Summary: The Malden housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malden, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Malden in December 2024, up by 10.0% month-over-month. Of the 22 sold homes, 27% were sold under asking, 5% were sold at asking, and 68% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +19.3% |
Summary: Homes in Malden had an average of 24 days on market in Dec 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malden are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 22 homes were sold in Malden; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
