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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairhaven is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fairhaven was a Seller's Market.

Key Takeaway

Fairhaven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fairhaven, MA

How much do homes in Fairhaven, MA cost?

Median Sold Price

$475,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,250(+7.0%)

Key Takeaway

Homes in Fairhaven have sold for 7% more than they did a year ago.

Summary: The median home sold price in Fairhaven was $475,000 in November 2024, up 7% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $262.5K$325K
+23.8%
2 $410K$379.8K
-7.4%
3 $443.7K$489.5K
+10.3%
4 $565K$525K
-7.1%
5+ $630K$550K
-12.7%

Summary: Fairhaven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Cities

New Bedford
+12.7%
Mattapoisett
+9.4%
Fairhaven
+7.0%
Acushnet
+6.5%

Housing Supply in Fairhaven, MA

How many homes are available in Fairhaven, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5449-9.3%

Summary: The Fairhaven real estate market had 49 homes for sale in November 2024, a 9.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1915
-21.1%
3 2423
-4.2%
4 78
+14.3%
5+ 22
0.0%

Summary: The Fairhaven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairhaven, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Fairhaven in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
32 Days46 Days+45.7%

Summary: Homes in Fairhaven had an average of 46 days on market in Nov 2024, up by 45.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fairhaven has remained consistent over time.

Summary: During November 2024, 8 homes were sold in Fairhaven; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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 2 Days Ago

Newest Listings in Fairhaven, MA

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