New Bedford, MA Home Values & Market Trends

Real estate market trends reflect that there have been 875 transactions over the past year in New Bedford. The median value for residential home transactions that occurred over the previous year is $392,179.32. The number of current listings in New Bedford is 14, and the percentage of properties for sale in the city is 14.00%. New Bedford, MA currently has 35 properties in foreclosure, 4 bank owned properties, 15 properties headed for auction, and 14 properties for sale.

New Bedford, MA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
02740

$ 339,478

$ 269/sqft

02744

$ 333,955

$ 256/sqft

02745

$ 430,575

$ 319/sqft

02746

$ --

$ --

Housing Market Summary for New Bedford, MA

Mar 2023February 2024Change
Median Listing Price$342.1K$382K11.66%
Median Sold Price$352K$382K8.52%
Homes For Sale3615-58.33%
Homes Sold473398-15.86%
Price
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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%.

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Browse Homes in New Bedford, MA

New Bedford home values range from $42,168 to $1,307,825. The median estimated value of a home in New Bedford is $392,179.32. The median list price of a home is 394,500, and the total count of properties in the city is 20,566.

Foreclosure
There are 4 zips within New Bedford, MA; within these zips, the median estimated home value for homes in foreclosure ranges from $373,250 in 02740 to the lowest value of $296,059 in 02740. Foreclosure homes account for 0.00% of properties in New Bedford, MA with 02740 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.08% of all residential properties in New Bedford, MA with 02740 containing 8 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 $446,100 in 02740 to the lowest home value of $328,577 in 02746.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Bedford, MA ranges from the highest value of $373,250 in 02746 to the lowest value of $315,248 in 02745. Bank owned homes and properties account for 0.02% of properties in New Bedford, MA. There are 4 zips within New Bedford, MA; 02746 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    02740 has 7 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 0.07% 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 $404,851 in 02745 to the lowest value of $296,059 in 02745.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.07% of residential properties in New Bedford, MA with 02740 containing 6 homes for sale, the highest number of listed properties in a single zip. There are 4 zips within New Bedford, MA; homes for sale in those zips, have a range of median values from $525,173 in 02745 to the lowest value of $290,041 in 02740.
    Sold Homes
    The median value for recently sold homes ranges from $492,900 in 02746 to the lowest price of $98,203 in 02746. There are 4 zips within New Bedford, MA. 02740 has 184 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.92% of properties in New Bedford, MA.

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      Guide for New Bedford, MA

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      Recently Listed Homes New Bedford, MA

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