New Bedford Median Home Price Reaches $470,000 Amid Wide Sales Range

NEW BEDFORD -- Bristol County deed records show 170 property transfers in New Bedford during the four weeks ending July 25, with prices on the 96 sales that disclosed a figure ranging from $40,000 to $6.7 million and a median of $470,000.

MARKET OVERVIEW New Bedford recorded 170 total property transfers in the period, though only 96 -- about 56 percent -- listed a sale price in the deed. Disclosed prices ranged from $40,000, for a parcel on Kempton Street, to $6.7 million, for two adjoining lots on Cove Street. The median sale price among disclosed transactions was $470,000. The raw count of 170 recorded deeds is substantial, but a large share of these transfers were not conventional buyer-seller home sales: at least 15 parcels changed hands from the New Bedford City Treasurer to the New Bedford Redevelopment Authority in a single batch recorded July 14, and dozens of other transfers appear to be transactions between family members or into trusts, based on matching or related names on the grantor and grantee lines.

TOP SALES The period's largest transactions were two adjoining properties on Cove Street: 81 Cove St. and 91 Cove St. each sold for $6.7 million on July 23, with Woobnb LLC selling both to MHC 390 New Bedford MA LLC. At 1825 Acushnet Ave., Afonso Realty LLC sold to ETJR LLC for $900,000 on June 30. At 157-159 State St., seller Lee Miguel sold to buyer Rodrigo Ruiz Delacruz for $820,000 on June 26. At 42 Fair St., seller Jose Jovel sold to buyer Edgar Jimon Gonzalez for $739,000 on July 9. At 105 Collette St., FDEL Properties LLC sold to Rolando R. Tix Olmos for $735,000 on June 29.

NEIGHBORHOOD BREAKDOWN Among the 96 disclosed sales, 50 fell between $300,000 and $500,000, the largest single tier, and 36 sold between $500,000 and $1 million. Eight sales closed under $300,000, and two -- both on Cove Street -- topped $1 million. Acushnet Avenue was the most active street by volume, with six recorded transfers in the period, including sales at $900,000, $665,000, $505,000 and $300,000, plus two transactions with no disclosed price. The 15-parcel transfer from the New Bedford City Treasurer to the New Bedford Redevelopment Authority, recorded July 14, touched properties on Ash, Ashley, Cox, Delano, Hillman, Manomet, Purchase, Ruth, Union, Washburn and Weld streets, along with numbered addresses on Ashley, Washburn, Purchase and South First streets.

MARKET NOTES Deed records in this dataset do not include bedroom, bathroom or square-footage figures, so no price-per-square-foot comparison is possible for this period. Of the 74 transfers with no disclosed price, the large majority list identical or related grantor and grantee names -- several deeds show a single owner transferring property into their own name as trustee -- consistent with estate planning, trust formation or family transfers rather than open-market sales. A smaller number of no-price transfers involved one limited liability company transferring property to another LLC, indicating investor or commercial activity distinct from owner-occupant purchases. The two Cove Street transactions, both sold to an entity named MHC 390 New Bedford MA LLC, were the only sales in the period to exceed $1 million.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Jun 22 - Jun 28

Jun 29 - Jul 5

Jul 6 - Jul 12

Jul 13 - Jul 19

Jul 20 - Jul 26

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.