Is Bellingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bellingham was a Seller's Market.
Key Takeaway
Bellingham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bellingham, MA
How much do homes in Bellingham, MA cost?
Median Sold Price
$489,950
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bellingham have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Bellingham was $489,950 in May 2024, up 11.1% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | - | N/A |
| 2 Bedrooms | $377.5K | $452.5K | +19.9% |
| 3 Bedrooms | $432.4K | $478.5K | +10.6% |
| 4 Bedrooms | $586.4K | $575K | -1.9% |
| 5+ Bedrooms | $690K | $630K | -8.7% |
Summary: Bellingham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $441K | $489.9K | +11.1% |
| Franklin | $582.3K | $640K | +9.9% |
| Franklin Town | $582.3K | $640K | +9.9% |
| Mendon | $650K | $707K | +8.8% |
| Hopedale | $535K | $497.5K | -7.0% |
Housing Supply in Bellingham, MA
How many homes are available in Bellingham, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Bellingham real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellingham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellingham, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Bellingham in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bellingham, MA
How long does it take to sell a home in Bellingham, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +77.4% |
Summary: Homes in Bellingham had an average of 36 days on market in May 2024, up by 77.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bellingham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Bellingham; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
