Is Bedford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bedford was a Buyer'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
$932,500
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bedford have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Bedford was $932,500 in April 2024, up 1.4% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $450K | +42.9% |
| 2 Bedrooms | $779.5K | $788.5K | +1.2% |
| 3 Bedrooms | $740K | $798K | +7.8% |
| 4 Bedrooms | $1.0M | $1.1M | +5.7% |
| 5+ Bedrooms | $1.3M | $1.5M | +13.2% |
Summary: Bedford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Bedford, MA
How many homes are available in Bedford, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Summary: The Bedford real estate market had 41 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Bedford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Bedford in April 2024, up by 100.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 14 Days | -52.0% |
Summary: Homes in Bedford had an average of 14 days on market in Apr 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
12 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 April 2024, 14 homes were sold in Bedford; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
