Is Arlington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$1,022,916
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arlington have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Arlington was $1,022,916 in May 2024, up 4.9% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.2K | $384.5K | +3.3% |
| 2 Bedrooms | $604.6K | $705K | +16.6% |
| 3 Bedrooms | $950K | $985K | +3.7% |
| 4 Bedrooms | $1.2M | $1.2M | +0.6% |
| 5+ Bedrooms | $1.4M | $1.4M | -1.8% |
Summary: Arlington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Medford | $754.1K | $836.9K | +11.0% |
| Winchester | $1.3M | $1.3M | +6.0% |
| Belmont | $1.2M | $1.3M | +5.7% |
| Arlington | $975K | $1.0M | +4.9% |
| Lexington | $1.4M | $1.5M | +2.6% |
Housing Supply in Arlington, MA
How many homes are available in Arlington, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 117 | 127 | +8.5% |
Summary: The Arlington real estate market had 127 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 23 | 13 | -43.5% |
| 3 Bedrooms | 36 | 51 | +41.7% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Arlington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 43.5%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Arlington in May 2024, up by 5.0% month-over-month. Of the 42 sold homes, 29% were sold under asking, 5% were sold at asking, and 67% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +29.6% |
Summary: Homes in Arlington had an average of 24 days on market in May 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arlington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Arlington; 86% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
