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 $775,789 $1,303,330 $333,876
Median sold price $89,490 $377,716 $300,000
Number of sales 4,892,616 47,049 1,277
Number of sales over $250k 1,580,523 29,851 852
Number of sales over $1m 405,314 7,440 28
Number of sales over $10m 59,650 779 --
Average total tax amount $4,926 $12,360 $5,515
Average assessed value $236,404 $830,436 $289,191
Average market value $320,843 $830,477 $289,191

New Bedford commercial real estate property averages

Property averages United States Massachusetts New Bedford
Average lot size 891,962 sf 107,159 sf 13,431 sf
Median lot size 28,598 sf 8,610 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 143,464,213 738,391 13,291
Aggregate lot acerage 783,752,430 1,114,095 2,714
Aggregate building area -- -- --
Aggregate units 92,335,271 1,247,722 25,310

New Bedford commercial real estate industrial mortgages

Debt United States Massachusetts New Bedford
Number of mortgages 40,420,818 1,480,813 34,121
Average value of mortgages $6,489,571 $1,155,624 $493,127

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