New Bedford, MA Home Values & Market Trends
Real estate market trends reflect that there have been 903 transactions over the past year in New Bedford. The median value for residential home transactions that occurred over the previous year is $391,681.58. The number of current listings in New Bedford is 21, and the percentage of properties for sale in the city is 21.00%. New Bedford, MA currently has 74 properties in foreclosure, 2 bank owned properties, 20 properties headed for auction, and 21 properties for sale.
New Bedford, MA Real Estate Market Overview
Housing Market Summary for New Bedford, MA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $349.9K | $377.9K | 7.99% |
| Median Sold Price | $350K | $377.9K | 7.96% |
| Homes For Sale | 39 | 20 | -48.72% |
| Homes Sold | 435 | 381 | -12.41% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Bedford, MA
Browse Homes in New Bedford, MA
New Bedford home values range from $40,744 to $1,544,177. The median estimated value of a home in New Bedford is $391,681.58. The median list price of a home is 399,900, and the total count of properties in the city is 20,520.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in New Bedford, MA with 02740 containing 26 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within New Bedford, MA; of those zips, the estimated home value for pre-foreclosure homes ranges from $491,600 in 02744 to the lowest home value of $199,953 in 02745.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Bedford, MA ranges from the highest value of $0 in 02745 to the lowest value of $317,896 in 02745. Bank owned homes and properties account for 0.01% of properties in New Bedford, MA. There are 4 zips within New Bedford, MA; 02744 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions02740 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of New Bedford, MA. Auction homes and other auction properties account for 0.10% of all properties in New Bedford, MA. There are 4 zips within New Bedford, MA; of those zips, the median estimated home value for homes going to auction ranges from $557,800 in 02745 to the lowest value of $288,914 in 02745.
Compare Nearby Cities
More Real Estate Resources for New Bedford, MA
Guide for New Bedford, MA
This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.
