Is Malden, 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, 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
$659,777
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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 $659,777 in May 2024, up 10% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $365.5K | +8.3% |
| 2 Bedrooms | $420K | $470K | +11.9% |
| 3 Bedrooms | $595K | $670K | +12.6% |
| 4 Bedrooms | $699K | $802.5K | +14.8% |
| 5+ Bedrooms | $850K | $860K | +1.2% |
Summary: Malden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Malden, MA
How many homes are available in Malden, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Summary: The Malden real estate market had 81 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Malden 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 16%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 22 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malden, you could pay more than the asking price. 86.4% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Malden in May 2024, down by 33.3% month-over-month. Of the 22 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | 0.1% |
Summary: Homes in Malden had an average of 20 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was 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 May 2024, 22 homes were sold in Malden; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
