Commercial Real Estate in New Bedford | Reonomy

Commercial Real Estate in New Bedford

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New Bedford commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Massachusetts New Bedford
Average price/sqft -- -- --
Average sold price $781,630 $1,304,964 $334,197
Median sold price $89,742 $378,014 $300,000
Number of sales 4,927,481 47,531 1,295
Number of sales over $250k 1,593,761 30,176 863
Number of sales over $1m 408,010 7,545 29
Number of sales over $10m 60,412 790 --
Average total tax amount $5,014 $12,440 $5,509
Average assessed value $239,482 $832,780 $289,375
Average market value $324,410 $832,820 $289,375

New Bedford commercial real estate property averages

Property averages United States Massachusetts New Bedford
Average lot size 892,226 sf 107,162 sf 13,401 sf
Median lot size 28,605 sf 8,602 sf 4,356 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1971 1916 1910
Average number of units 17 4 3
Median number of units 2 2 2

New Bedford commercial real estate total supply

Supply United States Massachusetts New Bedford
Number of parcels 144,173,262 738,391 13,291
Aggregate lot acerage 783,659,414 1,114,366 2,710
Aggregate building area -- -- --
Aggregate units 92,325,479 1,247,150 25,314

New Bedford commercial real estate industrial mortgages

Debt United States Massachusetts New Bedford
Number of mortgages 40,447,136 1,481,744 34,142
Average value of mortgages $6,495,092 $1,154,413 $441,481

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