$4,928 Closing Credit*
$415,000
1,100 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73307564, Lin Xu, Listing Office: Dream Realty
Is Malden, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$685,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$63,333(+10.2%)
Key Takeaway
Homes in Malden have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Malden was $685,000 in September 2024, up 10.2% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359.9K | $363K | +0.8% |
| 2 Bedrooms | $430K | $490K | +14.0% |
| 3 Bedrooms | $605K | $685K | +13.2% |
| 4 Bedrooms | $710K | $785K | +10.6% |
| 5+ Bedrooms | $835K | $875K | +4.8% |
Summary: Malden housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Malden, MA
How many homes are available in Malden, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 83 | 81 | -2.4% |
Summary: The Malden real estate market had 81 homes for sale in September 2024, a 2.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Malden housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 15 | -57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malden, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Malden in September 2024, down by 57.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +11.7% |
Summary: Homes in Malden had an average of 23 days on market in Sep 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 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 September 2024, 15 homes were sold in Malden; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
