New Bedford, Massachusetts, boasts a population of approximately 100,000 people and is located just 51 miles South of Boston. Once nicknamed “The Whaling City,” New Bedford is a world famous whaling era seaport and a prime American fishing location. Despite the continued growth and modernization, this city has held true to its rich and diverse history. As a harbor location, New Bedford is a great place to grab a ferry and travel to several nearby locations. Fishing has been a major industrial strength for New Bedford, as well as a recent growing healthcare system. The changes the city has experienced have helped to create a wonderful downtown area which plays host to restaurants, banks, stores and corporate offices. The city is also a central hub for musicians and the performing arts. Most recently, New Bedford was named one of the country’s top ten “Green Cities.” And according to the editors of This Old House, New Bedford is “one of the top 12 best places in America to buy an old house.” With that said, it’s no wonder why so many have discovered what the residents already know—New Bedford is simply a terrific place to raise a family, work, and live.
Real Estate Market Summary - Prices of New Bedford Homes for Sale
Like its inhabitants, New Bedford’s real estate is diverse in the type and style of homes available. This city, despite its progressive changes, has remained one of the most affordable communities around. Single-family homes anchor the real estate market in this community, with prices starting from $40,000 and easily exceeding $800,000. Homes in the higher end of this price spectrum feature 19th century Victorian style architecture and three levels of living space. In addition to the many nostalgic, historic homes available in this community, buyers can choose from waterfront properties, beach homes, investment properties, and apartment units. While limited, listings for condos in New Bedford are available with prices starting from $50,000 and running as high as $460,000. Lots for custom building your dream home start at $270,000. The local parks, beach access, and growing downtown area create an ideal location for living and raising a family. Looking for your new home? View currently listed homes in New Bedford Massachusetts. See market trends of New Bedford real estate market including average home prices, property values, townhomes, condominiums and other property types. Interested in bank owned or foreclosure properties? Access foreclosures, bank owned properties, short sales and more real estate in New Bedford Massachusetts.
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