February 21, 2019

Bedford Mid-February Real Estate Market Update

By Gabe Waldrep

In the past month 28 new listings have come to market in the city of Bedford. The median price of these was $241,700 with a high of $339,750 and a low of $179,900. We saw 32 listings come under contract with an average of 54 days on the market, and we saw 28 active listings have to adjust their pricing after an average of 63 days on the market. 41 properties closed in the last month with an average sold price of $249,000 and 30 days on market.

The Bedford market has seen large increases in home values over the last year with the median coming in at $248,000 at the end of January which is up 2.37% over December and 14.24% over the prior year.

Bedford selling prices went down slightly in the last month with a 1.29% decrease but have increased over the past 12 months with a 3.81% increase with a median sales price of $237,000. 

Until next month...

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