The Edgeworth neighborhood in Malden will be the nation’s sixth-hottest housing market in 2017, according to a new ranking from Redfin.
Per Redfin’s analysis, Edgeworth is not only close to two Orange line T-stations, but also, it’s home prices are relatively affordable when compared to such pricey markets as Cambridge and Somerville.
And as Redfin’s stats make clear, the market features low days on market, a very high sale-to-list average and a high share of homes that sell quickly. Below, we’ve charted out those stats, and two other Boston-area markets set for high demand in 2017:
Neighborhood | Median Sales Price | Median Days on Market | Average Sale-to-List | Hot Homes Share |
---|---|---|---|---|
Edgeworth (Malden) | $435,000 | 67 | 104.6% | 67.4% |
Downtown Everett | $445,000 | 80 | 100% | 58.5% |
Maplewood (Malden) | $413,000 | 69 | 99.2% | 66% |
Photo Credit: John Phelan, Creative Commons Attribution 3.0 Unported, https://commons.wikimedia.org/wiki/File:Wilbur_Fiske_Haven_House,_Malden_MA.jpg
Interesting! We need to check out this neighborhood. I have to find out where it is!!
Why does the title caption say ‘Malden’s Edgeworth Neighborhood’ and the chart below says ‘Edgeworth (Medford?)’
Pat,
thanks for pointing that out! It was a mistake in the data Redfin sent us, but we just updated the story.