Why Live in Downtown Methuen
Once the heart of a historic 1700s mill town producing textiles and shoes, Downtown Methuen is now a car-friendly neighborhood highly connected to modern amenities by major roads. “There is a little bit of everything here,” says Trevor Gearin, a Realtor with Lamacchia Realty who has served the community for over 18 years and has lived in Methuen his whole life. “You have the Merrimack River, two highways, and the city borders New Hampshire, so you have access to major airports as well as commuting options.” Here, the streets are lined with multifamily and single-family homes dating as far back as the late 1800s, and the community is full of riverside trails and historic sights, including the ruins of a castle. The neighborhood is also close to numerous shopping and dining options around Methuen and neighboring areas like Lawrence. Downtown Methuen offers a healthy mix of multifamily and single-family units on smaller plots of land. The streets are lined with varying heights and styles, with small Cape Cods constructed in the mid-1900s alongside larger and older triple-decker units from the late 1800s and early 1900s. Colonial Revivals and split-level homes are other common styles
Home Trends in Downtown Methuen, MA
On average, homes in Downtown Methuen, Methuen sell after 28 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Methuen, Methuen over the last 12 months is $360,100, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$360,100
Median Single Family Sale Price
$390,000
Median Townhouse Sale Price
$450,000
Median 2 Bedroom Sale Price
$382,500
Median 1 Bedroom Sale Price
$310,000
Average Price Per Sq Ft
$358
Number of Homes for Sale
12
Last 12 months Home Sales
65
Median List Price
$390,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%