So, what's the outlook for Medford's housing market for the rest of 2025? While forecasts have pointed towards rising prices, recent activity in housing development could introduce a moderating effect.
Anecdotally, information from the City of Medford's Planning Department (as referenced in the prompt's context) suggests that recent authorizations for housing development may lead to an increase in available inventory. According to the City of Medford's Housing and Community Development Division, they "promote safe, livable neighborhoods by working with partners to develop affordable housing...". Increased housing stock can often help stabilize or even slightly decrease prices by providing more options for buyers.
Looking at specific forecasts, Zillow reported in early 2025 that the average home value in Medford was $398,081, showing a 1.9% increase over the past year. Realtor.com data from early 2025 indicated a median listing home price of $486.5K and later showed a median listing price of $445,000 with 606 homes for sale.
While these figures suggest an upward trend, the potential for increased inventory from recent development authorizations could introduce downward pressure or at least help hold prices steady as the year progresses. The actual impact will depend on the scale and pace of these new homes coming onto the market.