Blog > Real Estate Market Report - Fall River, MA (Jan, 2024)
Current Market Condition
131
Active Listings
105
Pending Listings
$437,900
Median List Price
The median sale/list price for homes shows a general decrease in the first half of the year, with a lowest point in May at $379,950, followed by a significant increase in the second half of the year, reaching a peak of $522,500 in December. There are some fluctuations, but overall, the trend is upward.
Median Sale/List Price
The median sale price per square foot shows a fluctuating trend throughout the year with a high of $241.509 in November and a low of $176.151 in January. However, overall, the median sale price per square foot shows an increasing trend from January ($176.151) to June ($221.108) and then a decreasing trend from June to December ($204.371).
Median Sale Price per Square Foot
The median sale price to list price ratio remained consistent at 1.0 for the first nine months of 2023, but saw a slight increase in July (1.013) and August (1.038), before returning to 1.0 for the rest of the year. In October and December, there was a very slight increase in the ratio (1.001 and 1.002, respectively).
Median Sale Price to List Price Ratio
The data shows the number of properties sold/listed each month in 2023. In general, the number of properties sold/listed was higher in the first half of the year compared to the second half. The months with the highest number of properties sold/listed were August (87) and June (76), while the months with the lowest number of properties sold/listed were November (49) and December (48).
Properties Sold/Listed
The median days on market for properties in 2023 started at 79 days and gradually decreased to 54 days in July before rising again to 68.5 days by the end of the year. Overall, the median days on market for the year was 63 days.
Median Days on Market
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