Fall River, Massachusetts Real Estate Market Analysis

dynamic.RE

Fall River, Massachusetts

5 ZIPs in this city:02720 02721 02722 02723 02724

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-8.5%

Faster

Price vs US

107%

Above avg

Median Listing Price

$461K

Population

93,033

Households

41,643

Median Days on Market

Active Listings

113

New Listings

Housing Market

Pricing

Median Listing Price

$461K+4.0% YoY

Average Listing Price

$450K-7.1% YoY

Price per Sq Ft

$282.752+2.7% YoY

Median Sq Ft

1,647-5.0% YoY

Inventory

Active Listings

113+113.2% YoY

New Listings

48+84.6% YoY

Total Listings

179+184.1% YoY

Buyer Competition

Pending Listings

71+491.7% YoY

Pending Ratio

0.63+196.2% YoY

Median Days on Market

52+9.4% YoY

Price Reduced

18.5%-5.4% YoY

Units & Occupancy

2024 Occupancy

245Kunits

Occupied233,82595.4%
Vacant11,2004.6%

2024 Tenure

234Koccupied

Owner145,64962.3%
Renter88,17637.7%

Renter Share

37.7%-0.1% YoY

Total Housing Units

245,025+0.4% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

93,033+0.2% YoY

2024 Age Mix

93Kresidents

Under 1818,40719.8%
Adults 18–6459,55064.0%
65 & Over15,07616.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.40+1.2% YoY

Population Under 18

18,407-5.1% YoY

Population 65 & Over

15,076+1.9% YoY

Households & Mobility

Total Households

41,643+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.20-0.1% YoY

2024 Residential Mobility

of residents

Same house88.5%
Moved (within US)10.5%
Other1.0%

Veterans

3.9%-9.4% YoY

Income & Poverty

Median Household Income

$56K+4.8% YoY

Per-Capita Income

$32K+1.7% YoY

Mean Household Income

$73K+1.8% YoY

Below Poverty Level

19.6%-6.5% YoY

Commuting

2024 Commute Mode

of workers

Drove alone70.6%
Public transit1.9%
Worked from home7.3%
Other20.2%

Worked From Home

7.3%+8.7% YoY

Mean Commute

25.65+1.6% YoY

Units & Tenure

Total Housing Units

44,200+0.3% YoY

2024 Occupancy

44Kunits

Occupied41,64394.2%
Vacant2,5575.8%

2024 Tenure

42Khouseholds

Owner14,47634.8%
Renter27,16765.2%

Avg Household Size — Owner

2.35-3.4% YoY

Avg Household Size — Renter

2.12+2.1% YoY

County Demographics

Median Age

40.92024

Population

Bristol County Population

588,593+0.6% YoY

Households

Total Households

233,825+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.430.0% YoY

Age

2024 Age Mix

582Kresidents

Under 18119,48920.5%
Adults 18–64359,31361.7%
65 & Over103,46817.8%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

119,489-0.3% YoY

Population 65 & Over

103,468+2.7% YoY

Median Age

40.900.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house90.8%
Moved (within US)8.6%
Other0.6%

Veterans

5.2%-5.5% YoY

County Economy

Income

Median Household Income

$86K+1.7% YoY

Per-Capita Income

$45K+2.3% YoY

Mean Household Income

$112K+2.3% YoY

Poverty

Below Poverty Level

11.3%-2.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone74.5%
Public transit1.9%
Worked from home11.1%
Other12.5%

Worked From Home

11.1%+13.3% YoY

Mean Commute

28.50+0.4% YoY

Fall River, Massachusetts

5 ZIPs in this city:02720 02721 02722 02723 02724

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-8.5%

Faster

Price vs US

107%

Above avg

Median Listing Price

$461K

Population

93,033

Households

41,643

Median Days on Market

Active Listings

113

New Listings

Housing Market

Pricing

Median Listing Price

$461K+4.0% YoY

Average Listing Price

$450K-7.1% YoY

Price per Sq Ft

$282.752+2.7% YoY

Median Sq Ft

1,647-5.0% YoY

Inventory

Active Listings

113+113.2% YoY

New Listings

48+84.6% YoY

Total Listings

179+184.1% YoY

Buyer Competition

Pending Listings

71+491.7% YoY

Pending Ratio

0.63+196.2% YoY

Median Days on Market

52+9.4% YoY

Price Reduced

18.5%-5.4% YoY

Units & Occupancy

2024 Occupancy

245Kunits

Occupied233,82595.4%
Vacant11,2004.6%

2024 Tenure

234Koccupied

Owner145,64962.3%
Renter88,17637.7%

Renter Share

37.7%-0.1% YoY

Total Housing Units

245,025+0.4% YoY

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

93,033+0.2% YoY

2024 Age Mix

93Kresidents

Under 1818,40719.8%
Adults 18–6459,55064.0%
65 & Over15,07616.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.40+1.2% YoY

Population Under 18

18,407-5.1% YoY

Population 65 & Over

15,076+1.9% YoY

Households & Mobility

Total Households

41,643+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.20-0.1% YoY

2024 Residential Mobility

of residents

Same house88.5%
Moved (within US)10.5%
Other1.0%

Veterans

3.9%-9.4% YoY

Income & Poverty

Median Household Income

$56K+4.8% YoY

Per-Capita Income

$32K+1.7% YoY

Mean Household Income

$73K+1.8% YoY

Below Poverty Level

19.6%-6.5% YoY

Commuting

2024 Commute Mode

of workers

Drove alone70.6%
Public transit1.9%
Worked from home7.3%
Other20.2%

Worked From Home

7.3%+8.7% YoY

Mean Commute

25.65+1.6% YoY

Units & Tenure

Total Housing Units

44,200+0.3% YoY

2024 Occupancy

44Kunits

Occupied41,64394.2%
Vacant2,5575.8%

2024 Tenure

42Khouseholds

Owner14,47634.8%
Renter27,16765.2%

Avg Household Size — Owner

2.35-3.4% YoY

Avg Household Size — Renter

2.12+2.1% YoY

County Demographics

Median Age

40.92024

Population

Bristol County Population

588,593+0.6% YoY

Households

Total Households

233,825+0.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.430.0% YoY

Age

2024 Age Mix

582Kresidents

Under 18119,48920.5%
Adults 18–64359,31361.7%
65 & Over103,46817.8%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

119,489-0.3% YoY

Population 65 & Over

103,468+2.7% YoY

Median Age

40.900.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house90.8%
Moved (within US)8.6%
Other0.6%

Veterans

5.2%-5.5% YoY

County Economy

Income

Median Household Income

$86K+1.7% YoY

Per-Capita Income

$45K+2.3% YoY

Mean Household Income

$112K+2.3% YoY

Poverty

Below Poverty Level

11.3%-2.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone74.5%
Public transit1.9%
Worked from home11.1%
Other12.5%

Worked From Home

11.1%+13.3% YoY

Mean Commute

28.50+0.4% YoY