Is Fall River, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$444,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fall River was $444,000 in April 2024, up 4.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $224K | +25.1% |
2 Bedrooms | $299.3K | $286K | -4.5% |
3 Bedrooms | $398K | $405K | +1.8% |
4 Bedrooms | $399K | $405K | +1.5% |
5+ Bedrooms | $525K | $562K | +7.0% |
Summary: Fall River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Somerset | $408K | $454K | +11.3% |
Westport | $605K | $669.5K | +10.7% |
Tiverton | $425K | $470K | +10.6% |
Fall River | $425K | $444K | +4.5% |
North Dartmouth | $486K | $500K | +2.9% |
Housing Supply in Fall River, MA
How many homes are available in Fall River, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
179 | 164 | -8.4% |
Summary: The Fall River real estate market had 164 homes for sale in April 2024, a 8.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 69 | 61 | -11.6% |
4 Bedrooms | 26 | 25 | -3.8% |
5+ Bedrooms | 64 | 57 | -10.9% |
Summary: The Fall River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 10.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 32 | -25.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Fall River in April 2024, down by 25.6% month-over-month. Of the 32 sold homes, 16% were sold under asking, 9% were sold at asking, and 75% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 30 Days | 0.4% |
Summary: Homes in Fall River had an average of 30 days on market in Apr 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Fall River; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.