Is Bedford, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bedford is a seller's market

Buyer's
Market

Difference Since June 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

$920,000

$428/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$2,500(-0.3%)

Key Takeaway

The sold price of homes in Bedford has remained the same since last year.

Summary: The median home sold price in Bedford was $920,000 in June 2024, down 0.3% from last year, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $506.4K$385K
-24.0%
2 $799K$792K
-0.9%
3 $750.8K$842.5K
+12.2%
4 $1.1M$1.1M
-4.9%
5+ $1.3M$1.4M
+15.1%

Summary: Bedford housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Cities

Concord
+5.5%
Billerica
+5.1%
Bedford
-0.3%
Carlisle
-1.7%

Housing Supply in Bedford, MA

How many homes are available in Bedford, MA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4031-22.5%

Summary: The Bedford real estate market had 31 homes for sale in June 2024, a 22.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 53
-40.0%
3 84
-50.0%
4 1715
-11.8%
5+ 108
-20.0%

Summary: The Bedford housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bedford, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Bedford in June 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% 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

Jun 2023Jun 2024CHANGE
55 Days29 Days-47.1%

Summary: Homes in Bedford had an average of 29 days on market in Jun 2024, down by 47.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bedford are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 14 homes were sold in Bedford; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Bedford, MA

Nearby Markets to Bedford, MA

What housing markets are near Bedford, MA?