MID-YEAR 2024 FALL RIVER, MA
Real Estate Market Recap

  • Fall River, MA home sales decreased by 13.7% as there were 258 sales in the first half of 2024 compared to 299 in the first half of 2023. Average price increased by 13.1% going from $384,877 in the first half of 2023 to $435,371 in the first half of 2024. These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic to the right.
  • The number of homes listed in the first half of 2024 compared to the first half of 2023 increased by 6.9%, moving from 346 to 370.
  • The number of pending sales increased by 1.3% with 323 in the first half of 2024 compared to 319 in the first half of 2023.
Learn More About the Fall River, MA Community
2024 midyear Fall River, MA snapshot

2024 Fall River, MA Housing Market Outlook

The first half of the year is traditionally characterized as a seller’s market with limited housing supply and strong buyer competition. This imbalance often leads to bidding wars and upward pressure on home prices. As the year unfolds, more buyers find homes or renew leases, while a growing number of homeowners put their properties on the market, particularly those undergoing lifestyle changes. Consequently, the latter part of the year tends to favor buyers with increased housing inventory and reduced competition. Sellers may need to adjust their pricing strategies to attract motivated buyers in this shifting market. Given the ever-evolving mortgage rate environment and continued rise in home values, buyers must stay informed and prepared to seize opportunities, especially if interest rates unexpectedly decline.

To learn more about Massachusetts’s performance, click here to read the 2024 Massachusetts Mid-Year Report.

Data provided by Warren Group & MLSPin and compared to the prior year.

Additional Resources