Is Bedford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bedford has remained a Seller's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, MA
How much do homes in Bedford, MA cost?
Median Sold Price
$930,000
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bedford have sold for 3% more than they did a year ago.
Summary: The median home sold price in Bedford was $930,000 in March 2024, up 3% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $510K | +61.9% |
| 2 Bedrooms | $799.9K | $792K | -1.0% |
| 3 Bedrooms | $780K | $777.5K | -0.3% |
| 4 Bedrooms | $1.0M | $1.1M | +10.2% |
| 5+ Bedrooms | $1.3M | $1.7M | +29.4% |
Summary: Bedford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 29.4%.
Housing Supply in Bedford, MA
How many homes are available in Bedford, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Bedford real estate market had 33 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 3 | 9 | +200.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Bedford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bedford in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Bedford, MA
How long does it take to sell a home in Bedford, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +21.4% |
Summary: Homes in Bedford had an average of 24 days on market in Mar 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Bedford; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
