November Multi-family Market Update for Malden

Malden, MA Multifamily Market Update: Recent Sales Insights

The multifamily property market in Malden, MA, is showing solid performance, reflecting continued interest from buyers and investors alike. Here’s a breakdown of the most recent sales activity:

Market Snapshot

• Homes Sold: 6 multifamily properties closed in the latest period.
• Median Living Area: These spacious properties boast a median size of 2,851 square feet, offering generous accommodations for tenants or owner-occupants.
• Median List Price: Properties were listed at a median price of $1,072,450, showcasing the strong value of multifamily homes in Malden.
• Median Sale Price: Homes sold at a median price of $1,062,750, slightly below the list price but still reflecting competitive demand.
• Price Per Square Foot:
  • List: $379/sq. ft.
  • Sale: $369/sq. ft.
• Days on Market (DOM): The median time on the market was 22.5 days, indicating steady buyer interest.
• Days to Offer (DTO): Offers were made within a median of 11 days, underscoring the appeal of these properties.

Key Takeaways

Malden continues to be an attractive market for multifamily properties, offering excellent opportunities for investors and buyers seeking income-generating real estate. The spacious living areas, combined with the city’s convenient location and amenities, ensure steady demand among renters and homeowners.

What’s Driving the Market?

1. Investor Interest: Multifamily properties remain a solid choice for generating rental income, especially in a thriving commuter city like Malden.
2. Market Stability: While the median sale price came in slightly below the list price, the tight price margin reflects healthy negotiations and fair market value.
3. Room to Grow: Properties with larger living spaces, such as those in Malden, offer potential for premium rental rates or multi-generational living options.

Final Thoughts

The Malden multifamily market presents a balanced opportunity for both buyers and sellers. For sellers, the relatively short time to offer and strong pricing reflect continued interest in the area. For buyers, the market offers properties with excellent potential for long-term value and rental income.

If you’re considering buying or selling a multifamily property in Malden, now is a great time to act. Let’s connect to explore your options and help you achieve your real estate goals!