Foreclosure Homes in New Bedford, MA 02745

Current Market Conditions in New Bedford, MA

The real estate market in New Bedford is currently experiencing a healthy growth trend, with an increase in home values year-over-year. Buyers are drawn to the city for its affordability compared to nearby coastal towns, alongside an emerging arts scene and waterfront attractions. The demand for housing remains steady, which has led to a decrease in inventory and competitive bidding among families and investors alike.

While the market remains active, it is important to note that some home prices have soared, especially in desirable neighborhoods close to the waterfront and rejuvenated districts with new businesses and dining options.

Rent Prices In New Bedford, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Bedford, MA, is on a rollercoaster ride. The average rent price in New Bedford, MA, is $1,427.00. Indeed, when looking to rent in New Bedford, MA, you can expect to pay as little as $670.00 or as much as $3,200.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in New Bedford, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.