Is Fall River, 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, Fall River has remained a Seller's Market.
Housing Prices in Fall River, MA
How much do homes in Fall River, MA cost?
Median Sold Price
$435,835
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fall River was $435,835 in March 2024, up 2.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $224K | +25.1% |
2 Bedrooms | $299K | $290K | -3.0% |
3 Bedrooms | $392K | $405K | +3.3% |
4 Bedrooms | $399K | $404.5K | +1.4% |
5+ Bedrooms | $520K | $559.5K | +7.6% |
Summary: Fall River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Westport | $592K | $669.5K | +13.1% |
Tiverton | $424K | $477K | +12.5% |
Somerset | $409K | $450K | +10.0% |
Fall River | $425K | $435.8K | +2.5% |
North Dartmouth | $488.5K | $500K | +2.4% |
Housing Supply in Fall River, MA
How many homes are available in Fall River, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 170 | +4.9% |
Summary: The Fall River real estate market had 170 homes for sale in March 2024, a 4.9% 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 | 21 | 19 | -9.5% |
3 Bedrooms | 59 | 63 | +6.8% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 61 | 59 | -3.3% |
Summary: The Fall River 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 9.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Fall River in March 2024, up by 11.1% month-over-month. Of the 40 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 31 Days | -22.2% |
Summary: Homes in Fall River had an average of 31 days on market in Mar 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Fall River; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.