Is New Bedford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Bedford has remained a Seller's Market.
Housing Prices in New Bedford, MA
How much do homes in New Bedford, MA cost?
Median Sold Price
$418,214
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Bedford was $418,214 in April 2024, up 11.5% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $314K | +9.2% |
2 Bedrooms | $304K | $319K | +4.9% |
3 Bedrooms | $365K | $385.7K | +5.7% |
4 Bedrooms | $360K | $410K | +13.9% |
5+ Bedrooms | $450K | $504.5K | +12.1% |
Summary: New Bedford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Acushnet | $416K | $487.5K | +17.2% |
New Bedford | $375.1K | $418.2K | +11.5% |
Dartmouth | $503.2K | $540K | +7.3% |
Fairhaven | $429K | $450K | +4.9% |
North Dartmouth | $486K | $500K | +2.9% |
Housing Supply in New Bedford, MA
How many homes are available in New Bedford, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 165 | +11.5% |
Summary: The New Bedford real estate market had 165 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 57 | 59 | +3.5% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 44 | 55 | +25.0% |
Summary: The New Bedford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in New Bedford in April 2024, up by 11.9% month-over-month. Of the 47 sold homes, 23% were sold under asking, 6% were sold at asking, and 70% were sold over asking.
Days on Market for New Bedford, MA
How long does it take to sell a home in New Bedford, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 28 Days | +7.1% |
Summary: Homes in New Bedford had an average of 28 days on market in Apr 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in New Bedford; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.