November Multifamily Market Update for Medford

Unlocking the Potential: Investing in Medford, MA Multifamily Properties

Medford, MA, has become a prime destination for real estate investors looking to capitalize on the thriving multifamily property market. With strong demand, competitive pricing, and quick sales, this vibrant city offers a wealth of opportunities for both seasoned investors and those looking to enter the market.

Market Snapshot

Here’s what makes Medford’s multifamily market stand out:

• Active Listings: Currently, there are 10 multifamily homes available for purchase, offering a variety of options for potential buyers.
• Spacious Properties: The median living area for these homes is 2,488 square feet, providing ample space for tenants or owner-occupants.
• Strong Sale Prices: Properties are being listed at a median price of $1,042,000 and selling for a median of $1,105,000, indicating high buyer interest and competitive bidding.
• Quick Turnaround: With a median Days on Market (DOM) of 16 and Days to Offer (DTO) of just 6.5, these homes are moving fast.
• Value Per Square Foot: Investors are finding value with a median list price of $388 per square foot and closing at $379 per square foot.

Why Invest in Medford?

Medford’s strategic location just minutes from Boston, combined with its rich history, strong community, and excellent amenities, makes it an attractive place to live and invest. Multifamily properties in Medford provide an opportunity to generate steady rental income while benefiting from the city’s growing real estate market.

Key Benefits for Investors:

1. High Demand: The quick turnaround times for listings show there’s strong competition among buyers, signaling a healthy rental market.
2. Room for Growth: Spacious units cater to families, professionals, and students, ensuring a broad tenant pool.
3. Long-Term Appreciation: Medford’s proximity to Boston and continued development contribute to strong property value growth.

Tips for Navigating Medford’s Market

1. Act Fast: With properties receiving offers in just over 6 days on average, timing is crucial. Be prepared to move quickly when the right opportunity arises.
2. Work with Experts: Partnering with a local real estate agent familiar with Medford’s multifamily market can help you identify properties that align with your investment goals.
3. Analyze Rental Potential: Consider the rental income potential to ensure your investment aligns with your financial strategy.

Conclusion

Medford, MA, is a dynamic market for multifamily investment properties, offering excellent opportunities for those ready to act. With spacious homes, quick sales, and strong demand, it’s a prime time to explore this thriving area.

Whether you’re an investor looking to expand your portfolio or someone interested in owner-occupied rental properties, Medford has options that fit your needs. Let’s connect to discuss how you can make the most of this market and build your investment future!