Is Bedford, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bedford has remained a Seller's Market.
Key Takeaway
Bedford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford, MA
How much do homes in Bedford, MA cost?
Median Sold Price
$920,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bedford have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Bedford was $920,000 in May 2024, down 0.5% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.9K | $450K | +2.5% |
| 2 Bedrooms | $760K | $785K | +3.3% |
| 3 Bedrooms | $770.4K | $835K | +8.4% |
| 4 Bedrooms | $1.1M | $1.1M | 0.0% |
| 5+ Bedrooms | $1.3M | $1.5M | +13.2% |
Summary: Bedford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Bedford, MA
How many homes are available in Bedford, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Bedford real estate market had 43 homes for sale in May 2024, a 4.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Bedford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Bedford in May 2024, the same as the previous month. Of the 14 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Bedford, MA
How long does it take to sell a home in Bedford, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +7.4% |
Summary: Homes in Bedford had an average of 26 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bedford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Bedford; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
