Is Bellingham, 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, Bellingham has remained a Seller's Market.
Key Takeaway
Bellingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellingham, MA
How much do homes in Bellingham, MA cost?
Median Sold Price
$479,500
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bellingham have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Bellingham was $479,500 in March 2024, up 10.2% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295.5K | - | N/A |
| 2 Bedrooms | $367.5K | $427K | +16.2% |
| 3 Bedrooms | $425K | $460K | +8.2% |
| 4 Bedrooms | $585K | $587.5K | 0.4% |
| 5+ Bedrooms | $534.9K | $720K | +34.6% |
Summary: Bellingham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $435K | $479.5K | +10.2% |
| Franklin | $579K | $636K | +9.8% |
| Franklin Town | $582K | $636K | +9.3% |
| Hopedale | $540K | $494K | -8.5% |
Housing Supply in Bellingham, MA
How many homes are available in Bellingham, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The Bellingham real estate market had 24 homes for sale in March 2024, a 25.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 22 | 14 | -36.4% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellingham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellingham, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Bellingham in March 2024, down by 47.1% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -17.2% |
Summary: Homes in Bellingham had an average of 25 days on market in Mar 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellingham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Bellingham; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
