New Bedford Home Prices & Values

$181,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.0% 1-year change
  • 1.8% 1-year forecast

The median home value in New Bedford is $181,700. New Bedford home values have gone up 5.0% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in New Bedford is $138, which is lower than the Providence Metro average of $177. The median price of homes currently listed in New Bedford is $199,900 while the median price of homes that sold is $172,835. The median rent price in New Bedford is $900, which is lower than the Providence Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In New Bedford 0.6 homes are foreclosed (per 10,000). This is lower than the Providence Metro value of 4.5 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New Bedford is 11.5%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New Bedford homeowners underwater on their mortgage is 24.6%, which is higher than Providence Metro at 21.3%.

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Relative ZHVI
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New Bedford Market Overview

Data through Jun 30, 2014
  • $181,700 ZHVI
  • 1.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $199,900 Median listing price
  • $172,835 Median sale price
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New Bedford Market Health

Data through Jun 30, 2014
  • 2.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 24.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 11.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Mar 31, 2014) New Bedford
4.5 homes Providence Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Mattapoisett $358,900 Rochester $336,300 Dartmouth $319,500
Freetown $274,400 North Westport $240,900 Smith Mills $232,400
Fairhaven $228,000 Bliss Corner $227,300 Acushnet $207,200

Listings & Sales

Data through Jun 30, 2014
  • $138 Median list price / sq ft
  • $134 Median sale price / sq ft
  • 37.8% Listings with price cut
22.4%
Sold below listing
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New Bedford Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,183 New Bedford
$1,470 Providence Metro
$1,310 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $900 Rent list price
  • No data Rent list price / sq ft
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