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Cheap Homes in New Bedford, MA

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New Bedford, MA Foreclosures

How much do homes sell for in New Bedford, MA?
The average home price is currently $458,004.
What’s the average rental cost in New Bedford, MA?
The average rental price in New Bedford is $1,427.
What is the most expensive home in New Bedford?
The most expensive home sold in New Bedford had a price of $25,575,732.
What is currently the cheapest priced home in New Bedford, MA?
The cheapest home for sale in New Bedford is priced at $13,652.

Living in New Bedford, MA

New Bedford is a vibrant coastal city in Massachusetts known for its rich maritime history and diverse culture. It offers a unique blend of urban and waterfront experiences, with picturesque harbor views, a thriving fishing industry, and a lively arts scene. The city is also home to beautiful parks and historic architecture that reflect its storied past.

Current Market Conditions in New Bedford, MA

The real estate market in New Bedford is experiencing a revitalization, with increased interest from buyers seeking affordable housing options close to the coastline. The median home prices have shown a gradual increase, reflecting the city's growing popularity as a desirable place to live, particularly among first-time homebuyers and those seeking vacation properties.

With a mix of older homes and new developments, New Bedford is attracting a diverse demographic. Investors are also considering the area due to its potential for rental income given the city’s working-class roots and increasing tourism. As the local economy strengthens, housing prices are expected to continue to rise.

Home Value Estimator For New Bedford, MA

There are currently 21,587 real estate properties in New Bedford, MA, with a median automated valuation model (AVM) price of $447,562.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Bedford, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Bedford, MA, is $458,004.00, with the most expensive house in New Bedford, MA, topping out at $25,575,732.00 and the cheapest home in New Bedford, MA, clocking in at $13,652.00. In other words, there’s something for every potential homebuyer or savvy investor in New Bedford, MA!

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.

Cheap Homes in New Bedford, MA

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