Is New Bedford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New Bedford has remained a Seller's Market.
Housing Prices in New Bedford, MA
How much do homes in New Bedford, MA cost?
Median Sold Price
$402,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Bedford was $402,000 in February 2024, up 7.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.7K | $326.4K | +13.1% |
2 Bedrooms | $300K | $320K | +6.7% |
3 Bedrooms | $365K | $380K | +4.1% |
4 Bedrooms | $355K | $390K | +9.9% |
5+ Bedrooms | $450K | $484K | +7.6% |
Summary: New Bedford housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Acushnet | $429.9K | $465K | +8.2% |
New Bedford | $373.1K | $402K | +7.7% |
Fairhaven | $420.5K | $448.4K | +6.6% |
Dartmouth | $514.1K | $535K | +4.1% |
North Dartmouth | $500K | $490K | -2.0% |
Housing Supply in New Bedford, MA
How many homes are available in New Bedford, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
135 | 121 | -10.4% |
Summary: The New Bedford real estate market had 121 homes for sale in February 2024, a 10.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 57 | 50 | -12.3% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 41 | 37 | -9.8% |
Summary: The New Bedford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 9.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
40 | 32 | -20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in New Bedford in February 2024, down by 20.0% month-over-month. Of the 32 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% were sold over asking.
Days on Market for New Bedford, MA
How long does it take to sell a home in New Bedford, MA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 45 Days | -11.6% |
Summary: Homes in New Bedford had an average of 45 days on market in Feb 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 32 homes were sold in New Bedford; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.