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Our Medford, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Medford as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Medford, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Medford MA Community Profile & History
Medford, Massachusetts is a historic suburban city located on the Mystic River. The city's fortunes have long been tied to its water sources, with the Mystic River and several small tributaries providing waterpower for early industries. Originally the site of estates owned by Governors Craddock and Winthrop, Medford became a town in 1695 and a city in 1892.
The city enjoyed great prosperity as a tidewater seaport with shipbuilding and distilling during the colonial era. After the decline of the shipbuilding industry, printed cloth, carpets, linseed oil, hats and rum became the major products of the city. Tufts University, now one of the foremost liberal arts and engineering universities in the United States, was founded here in 1852. The establishment of several major transportation routes in the 18th and 19th centuries prompted major population growth and industrial expansion; the Middlesex Canal, a barge canal connecting the Merrimack River to the port of Boston, was completed in 1803, while the railroads and a horse-powered street railway arrived in subsequent decades.
Fueled by its industrial prosperity, Medford grew quickly; between 1870 and 1910 the city doubled in population every 20 years. Residents manufactured shoe-making machines, chemicals, covered buttons and brass soda fountains.
The city retains a rich architectural legacy, with the nationally important Isaac Royall Estate as well as Federal, Greek Revival and Victorian buildings among its many notable structures. The earliest homes remaining in the community are the Peter Tufts House of 1678 and the Jonathan Wade House of 1689, but at least one outstanding example of each architectural period remains on display in the city today. Just minutes from downtown Boston, the city offers a bounty of historic scenery, excellent educational opportunities, a thriving economy and a wide array of opportunities for recreation and leisure.
Medford, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Medford Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 87 292 $416656 $205000 $390000 $830000 |
2007 87 240 $406775 $181000 $386000 $1048000 |
2008 90 224 $375655 $130000 $356500 $842275 |
2009 71 204 $349964 $105000 $340000 $753800 |
Average Selling Price of Single Family Homes in Medford
| 2006 |  $416656 | |
| 2007 | $406775 | |
| 2008 | $375655 | |
| 2009 | $349964 |
Medford Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 88 195 $328224 $138500 $318000 $599000 |
2007 137 197 $322429 $146000 $300000 $650000 |
2008 146 149 $309569 $162000 $295000 $640000 |
2009 104 189 $289908 $105000 $275000 $592500 |
Average Selling Price of Condominiums in Medford
| 2006 | $328224 | |
| 2007 | $322429 | |
| 2008 | $309569 | |
| 2009 | $289908 |
Regional Market Reports
MA Real Estate Market Report – First Quarter 2010
Medford Massachusetts Community Information
Medford Community Demographics and Local Resources
Request a Market Analysis on a Home in Medford
Medford Schools
Medford Area Newspaper
Medford MA Real Estate Information
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