Malden’s Edgeworth neighborhood will be one of the nation’s hottest markets in 2017

by Peter Thomas Ricci

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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

3 responses to “Malden’s Edgeworth neighborhood will be one of the nation’s hottest markets in 2017”

  1. Bernie Caniff 3 says:

    Interesting! We need to check out this neighborhood. I have to find out where it is!!

  2. Pat Chartier says:

    Why does the title caption say ‘Malden’s Edgeworth Neighborhood’ and the chart below says ‘Edgeworth (Medford?)’

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