$3,147 Closing Credit*
$265,000
1,200 SqFt
2 Beds
•2 Full Baths
#73320423, Joy Gilkeson, Listing Office: Keller Williams Coastal
Is Fall River, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$480,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,750(+13.4%)
Key Takeaway
Homes in Fall River have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Fall River was $480,000 in November 2024, up 13.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $264K | +47.5% |
| 2 Bedrooms | $299K | $307.5K | +2.8% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $390K | $472.5K | +21.2% |
| 5+ Bedrooms | $537.5K | $619.8K | +15.3% |
Summary: Fall River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| North Dartmouth | $460.5K | $530K | +15.1% |
| Fall River | $423.2K | $480K | +13.4% |
| Tiverton | $448.5K | $491.2K | +9.5% |
| Westport | $617.5K | $675K | +9.3% |
| Somerset | $446K | $472.5K | +5.9% |
Housing Supply in Fall River, MA
How many homes are available in Fall River, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 212 | 212 | 0.0% |
Summary: The Fall River real estate market had 212 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 79 | 81 | +2.5% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 73 | 70 | -4.1% |
Summary: The Fall River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 4.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fall River, you could pay more than the asking price. 68.1% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Fall River in November 2024, the same as the previous month. Of the 47 sold homes, 28% were sold under asking, 4% were sold at asking, and 68% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +5.1% |
Summary: Homes in Fall River had an average of 35 days on market in Nov 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 47 homes were sold in Fall River; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
