Is Fairhaven, 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, Fairhaven has remained a Seller's Market.
Key Takeaway
Fairhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairhaven, MA
How much do homes in Fairhaven, MA cost?
Median Sold Price
$455,500
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fairhaven have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Fairhaven was $455,500 in March 2024, up 6.2% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.9K | $262.5K | +12.2% |
| 2 Bedrooms | $390K | $421.2K | +8.0% |
| 3 Bedrooms | $435K | $455K | +4.6% |
| 4 Bedrooms | $530K | $611K | +15.3% |
| 5+ Bedrooms | $600K | $602.5K | 0.4% |
Summary: Fairhaven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Acushnet | $418K | $478.5K | +14.5% |
| New Bedford | $375K | $410K | +9.3% |
| Fairhaven | $429K | $455.5K | +6.2% |
| Mattapoisett | $700K | $699.9K | 0% |
Housing Supply in Fairhaven, MA
How many homes are available in Fairhaven, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Fairhaven real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Fairhaven 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 increased by 30%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 15 | +200.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairhaven, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Fairhaven in March 2024, up by 200.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Fairhaven, MA
How long does it take to sell a home in Fairhaven, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 49 Days | +106.5% |
Summary: Homes in Fairhaven had an average of 49 days on market in Mar 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairhaven has remained consistent over time.
Summary: During March 2024, 15 homes were sold in Fairhaven; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
