Foreclosures in New Bedford, MA

Current Market Conditions in New Bedford, MA

The New Bedford real estate market has seen an increase in demand over the past year, with home prices rising steadily as more people seek affordable coastal living. The city continues to appeal to first-time homebuyers and those looking for investment properties due to its relatively lower cost compared to nearby coastal areas.

As of this month, the market remains competitive, with homes often receiving multiple offers. Many properties are being sold above the asking price as buyers are drawn to the area's charm, culture, and potential for economic growth.

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.