$244,850
- 3 Beds
- 1 Bath
- 1,100 Sq Ft
286 Newbury St Unit 125, Peabody, MA 01960
Luciano Leone Team RE/MAX 360
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Why Live in Medford Hillside
Medford Hillside, a neighborhood in Medford, is highly favored by commuters due to its proximity to a newly opened Green Line station on the Boston-area subway system. This convenience is a major draw for residents, particularly those associated with nearby Tufts University. The neighborhood has an urban feel and is densely populated with early 20th-century homes, most of which feature colonial styling and multifamily layouts. Many of these properties are tenant-occupied, with a significant number leased by Tufts University students. The rental market here is robust, with monthly rents ranging from $3,000 to $5,000.
The demand for housing in Medford Hillside is intense, reflecting the broader trend in the city of Medford, where housing shortages have led to single-digit inventory levels and rising sale prices. Homes in this neighborhood typically sell for between $700,000 and $1.3 million, underscoring the competitive nature of the market. Despite the high demand and limited supply, the neighborhood's features make it an attractive place to live.
Medford Hillside's urban disposition is complemented by its close-knit community atmosphere. The area's colonial homes add a historic charm, while the multifamily layouts cater to a diverse population, including families, professionals, and students. The neighborhood's strategic location near Tufts University and the new Green Line station enhances its appeal, making it a practical choice for those who prioritize convenient transportation options. Overall, Medford Hillside offers a unique blend of urban living, historic architecture, and strong community ties, making it a sought-after neighborhood in Medford.
Home Trends in Medford Hillside, MA
On average, homes in Medford Hillside, Medford sell after 23 days on the market compared to the national average of 52 days. The median sale price for homes in Medford Hillside, Medford over the last 12 months is $908,000, up 3% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$908,000
Median Single Family Sale Price
$900,000
Median Townhouse Sale Price
$1,100,000
Median 2 Bedroom Sale Price
$495,000
Median 1 Bedroom Sale Price
$405,000
Average Price Per Sq Ft
$527
Number of Homes for Sale
3
Last 12 months Home Sales
33
Months of Supply
1.10
Median List Price
$899,450
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%
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