$6,886 Closing Credit*
$579,900
1,183 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73316211, Jim Riccardi, 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 November 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
$710,000
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,500(+11.7%)
Key Takeaway
Homes in Malden have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Malden was $710,000 in November 2024, up 11.7% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.5K | $363K | -2.6% |
| 2 Bedrooms | $430K | $492.5K | +14.5% |
| 3 Bedrooms | $630K | $715K | +13.5% |
| 4 Bedrooms | $720K | $789.5K | +9.7% |
| 5+ Bedrooms | $850K | $900K | +5.9% |
Summary: Malden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 9.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 78 | -16.1% |
Summary: The Malden real estate market had 78 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 23 | 18 | -21.7% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 25 | 19 | -24.0% |
Summary: The Malden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 24%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 18 | -41.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malden, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Malden in November 2024, down by 41.9% month-over-month. Of the 18 sold homes, 28% were sold under asking, 6% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +2.3% |
Summary: Homes in Malden had an average of 20 days on market in Nov 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were 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 November 2024, 18 homes were sold in Malden; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
