- by Nora Fairman
2024 FALL RIVER, MA year in review
Real Estate Market Recap
For all property types combined:
- Home Sales: Decreased by 4.8% – 605 sales in 2023 to 576 in 2024
- Average Prices: Increased by 12.9% – $397,413 in 2023 to $448,743 in 2024
- Number of Homes Listed: Increased by 7% – 716 in 2023 to 766 in 2024
- Number of Pending Sales: Increased by 0.8% – 636 in 2023 to 641 in 2024
Fall River, MA Housing Market Outlook
In 2024, the Fall River real estate market worked hard to surpass 2023, achieving slightly lower sales and higher prices, mirroring national trends fueled by strong demand and limited inventory. Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing crucial. Despite affordability challenges from rising rates and home prices, buyers remained determined. Those actively searching had to stay proactive and prepared to act quickly when the right opportunity arose.
The market started as a seller’s market but gradually shifted toward buyers with a surge of activity later in the year, setting the stage for a rebound in 2025. Despite rising costs, homeownership remained attractive due to fixed payments, equity growth, and potential tax benefits, reinforcing its long-term value over renting. As Anthony noted in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”
To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Year in Review.
Data provided by Warren Group & MLSPin and compared to the prior year.
Additional Resources
