Why Live in Malden
Malden's diverse culinary scene features authentic Thai cuisine at Crying Thaiger, fresh sushi at Omori Izakaya, and dim sum at Sun Kong. The city's recreational spaces include Pine Banks Park with athletic fields and walking trails, plus Fellsmere Park for waterfront relaxation. Waitt's Mount Park provides panoramic Boston skyline views, while the Bike to the Sea Trail connects residents to coastal destinations. The historic Converse Memorial Building and Malden Public Library host community events in architecturally significant settings.
The housing market includes varied options across distinct neighborhoods. The median single-family home price in Malden Center reaches $800,000, while Belmont sees median prices of $710,000. The West End features condominiums, with median one-bedroom prices at $365,000 and two-bedrooms at $402,000. Citywide, the median sale price stands at $622,500, with townhomes at $691,300.
Property taxes in Malden maintain a 1.05% effective rate, matching neighboring communities like Medford and Melrose. Massachusetts applies a 5% state income tax and 6.25% sales tax. The MBTA Orange Line serves Malden through two stations, Malden Center and Oak Grove, providing a 15 to 20 minute commute to downtown Boston. Local education excels with Roosevelt and Winthrop Elementary Schools earning A ratings, while Malden Catholic High School achieved an A+ designation. The city's proximity to Boston, coupled with its established neighborhoods and transportation access, creates an appealing location for homebuyers seeking suburban convenience with urban accessibility.
Home Trends in Malden, MA
On average, homes in Malden, MA sell after 18 days on the market compared to the national average of 50 days. The median sale price for homes in Malden, MA over the last 12 months is $622,500, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$622,500
Median Single Family Sale Price
$718,900
Median Townhouse Sale Price
$691,250
Median 2 Bedroom Sale Price
$447,000
Median 1 Bedroom Sale Price
$339,950
Average Price Per Sq Ft
$464
Number of Homes for Sale
20
Last 12 months Home Sales
234
Median List Price
$599,900
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
2%