Is Fall River, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fall River has remained a Seller's Market.
Key Takeaway
Fall River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fall River, MA
How much do homes in Fall River, MA cost?
Median Sold Price
$445,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fall River have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Fall River was $445,000 in May 2024, up 4.7% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $224K | +25.1% |
| 2 Bedrooms | $299K | $301.7K | +0.9% |
| 3 Bedrooms | $383.5K | $410K | +6.9% |
| 4 Bedrooms | $387.5K | $415K | +7.1% |
| 5+ Bedrooms | $525K | $575K | +9.5% |
Summary: Fall River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Tiverton | $425K | $493.7K | +16.2% |
| Westport | $600K | $672.5K | +12.1% |
| Somerset | $410K | $450K | +9.8% |
| Fall River | $425K | $445K | +4.7% |
| 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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 175 | 188 | +7.4% |
Summary: The Fall River real estate market had 188 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 63 | 58 | -7.9% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 64 | 77 | +20.3% |
Summary: The Fall River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fall River, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Fall River in May 2024, up by 22.2% month-over-month. Of the 44 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 47 Days | +6.9% |
Summary: Homes in Fall River had an average of 47 days on market in May 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fall River are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in Fall River; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
