In 1640, the Puritans settled in Malden on land purchased in 1629 from the Native American Pennacook Tribe. Located north of the Mystic River, the area was originally known as “Mistick Side” and was part of Charlestown. Malden was incorporated as a separate town on May 2,1649. The name “Malden” was chosen by Joseph Hills, an early settler and landholder, who emigrated from Maldon, England. Malden was incorporated as a city on March 31, 1882 and originally included what are now the adjacent cities of Melrose (until 1850) and Everett (until 1870).
During the American Revolution, the citizenry of Malden were heavily involved in the early resistance of the oppression of Britain and was the first town to petition the colonial government to withdraw from the British Empire.
Located in Middlesex County, Malden is five miles northwest of Boston with a population of approximately 60,000 residents. It is bordered by Melrose on the north, Stoneham on the northwest, Medford on the west, Everett on the south, Revere on the east and Saugus on the northeast. Boojum Rock located in the north west corner of Malden inside the Middlesex Fells Reservation is the highest point in Malden with an elevation of approximately 275′. Malden consists of 5 square miles and is convenient to Boston’s Logan Airport and Routes 1, 16, 93, 99 and 128.
Source: City of Malden, https://www.cityofmalden.org/content/about-malden, Retrieved on January 7, 2017
Real Estate Market Stats
Home Size in Square Feet
|Zillow Home Value Index||$471,700||$226,700|
|Median Single Family Home Value||$494,100||$226,100|
|Median Condo Value||$350,200||$235,300|
|Median 2-Bedroom Home Value||$394,400||$174,900|
|Median 3-Bedroom Home Value||$490,900||$220,200|
|Median 4-Bedroom Home Value||$538,500||$348,200|
|Percent Homes Decreasing||10.8%||26.9%|
|Median List Price Per Sq Ft||$339||$141|
|Median Sale Price||$438,400||$232,700|
|Turnover (Sold Within Last Yr.)||69||2,574,322|
Neighborhoods in Malden, MA
- City of Malden Website: https://www.cityofmalden.org
PROPERTIES AVAILABLE IN MALDEN
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