Find New Bedford MA homes for sale and surrounding areas by selecting from our results below, or by entering your search criteria.
Newest Listings on the Market!
Sorry we are experiencing system issues. Please try again.
NEW BEDFORD HOUSING MARKET INFORMATION
With 95,120 people, 39,491 houses or apartments, and a median cost of homes of $255,864, New Bedford real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, New Bedford homes are still considered rather expensive.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in New Bedford, accounting for 46.66% of the city’s housing units. Other types of housing that are prevalent in New Bedford include single-family detached homes ( 30.00%), large apartment complexes or high rise apartments ( 20.77%), and a few row houses and other attached homes ( 2.21%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in New Bedford are three and four bedroom dwellings. The city has a mixture of owners and renters, with 40.14% owning and 59.86% renting.
The housing in New Bedford was primarily built before 1939 ( 52.14%), making the housing stock in New Bedford some of the oldest overall in America, although there is a range of ages of homes in New Bedford. The next most important housing age is between 1940-1969 ( 26.47%), followed by between 1970-1999 ( 17.44%). There’s also some housing in New Bedford built between 2000 and later ( 3.94%).
NEW BEDFORD HOME APPRECIATION RATES
Real estate appreciation rates in New Bedford’s have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.07% during the period.
Appreciation rates are so strong in New Bedford that despite a nationwide downturn in the housing market, New Bedford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Bedford appreciation rates continue to be some of the highest in America, at 7.54%, which is higher than appreciation rates in 76.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Bedford. New Bedford appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.25%.
Relative to Massachusetts, our data show that New Bedford’s latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Bedford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Bedford – or in any city or town – that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Bedford real estate investment or home purchase decisions.
Information provided by: https://www.neighborhoodscout.com/ma/new-bedford/real-estate