$5,688 Closing Credit*
$479,000
2,052 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73313341, Zechariah Stockbarger, Listing Office: Keller Williams South Watuppa
Is Fall River, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$472,237
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,737(+12.8%)
Key Takeaway
Homes in Fall River have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Fall River was $472,237 in October 2024, up 12.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $264K | +47.5% |
| 2 Bedrooms | $299K | $310K | +3.7% |
| 3 Bedrooms | $395K | $425K | +7.6% |
| 4 Bedrooms | $390K | $465.5K | +19.4% |
| 5+ Bedrooms | $533.6K | $610.8K | +14.5% |
Summary: Fall River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| North Dartmouth | $460K | $535K | +16.3% |
| Tiverton | $430K | $492.5K | +14.5% |
| Fall River | $418.5K | $472.2K | +12.8% |
| Westport | $608K | $672.5K | +10.6% |
| Somerset | $435K | $462.5K | +6.3% |
Housing Supply in Fall River, MA
How many homes are available in Fall River, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 199 | 197 | -1.0% |
Summary: The Fall River real estate market had 197 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 60 | 72 | +20.0% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 79 | 65 | -17.7% |
Summary: The Fall River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 17.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fall River, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Fall River in October 2024, the same as the previous month. Of the 46 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 43 Days | +63.3% |
Summary: Homes in Fall River had an average of 43 days on market in Oct 2024, up by 63.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
18 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 October 2024, 46 homes were sold in Fall River; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
