$7,707 Closing Credit*
$649,000
2,538 SqFt
9 Beds
•3 Full Baths
#73326810, Melanie Santos, Listing Office: Century 21 Limitless
Is Fall River, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Fall River has remained a Seller's Market.
Key Takeaway
Fall River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fall River, MA
How much do homes in Fall River, MA cost?
Median Sold Price
$471,166
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$39,783(+9.2%)
Key Takeaway
Homes in Fall River have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Fall River was $471,166 in December 2024, up 9.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $307K | +64.2% |
| 2 Bedrooms | $295.5K | $312.5K | +5.8% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $400K | $455K | +13.8% |
| 5+ Bedrooms | $550K | $625K | +13.6% |
Summary: Fall River housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| North Dartmouth | $465K | $540K | +16.1% |
| Fall River | $431.3K | $471.1K | +9.2% |
| Westport | $629.5K | $680K | +8.0% |
| Somerset | $443K | $477.5K | +7.8% |
| Tiverton | $455.1K | $485K | +6.6% |
Housing Supply in Fall River, MA
How many homes are available in Fall River, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 211 | 188 | -10.9% |
Summary: The Fall River real estate market had 188 homes for sale in December 2024, a 10.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 75 | 61 | -18.7% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 77 | 64 | -16.9% |
Summary: The Fall River housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 16.9%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fall River, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Fall River in December 2024, up by 6.1% month-over-month. Of the 52 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
Days on Market for Fall River, MA
How long does it take to sell a home in Fall River, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 41 Days | +35.6% |
Summary: Homes in Fall River had an average of 41 days on market in Dec 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fall River are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 52 homes were sold in Fall River; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
