Fall River has 200 homes for sale, the most on the South Coast, and 16 price cuts

FALL RIVER Fall River had 200 homes for sale on Thursday morning, more than any other South Coast community and up from 197 last Friday. Sellers cut asking prices on 16 of them from Friday through Thursday morning, the most of any town, by a median of $9,500.

Sixteen homes joined the count: 11 listed from last Friday through Wednesday, seven of them on Tuesday, one listed Thursday and four listed earlier that now match on both listing sites. Thirteen homes on last week's count dropped off it, either under agreement, off the market or no longer showing the same price on both listing sites SC360 checks.

A city of multifamily houses

Single-family houses made up only 72 of the 200 listings. The city also had 61 two- to four-family houses for sale, at a median ask of $650,000, along with 26 condos, 15 townhouses and 26 buildings with five or more units. The condos and townhouses together had a median asking price of $299,900.

The single-family median asking price was about $510,000, up from $499,000 a week earlier, and at $272 a square foot it stayed the lowest per-foot price in the region. Thirty-six houses were priced under $500,000 and 12 under $400,000. The least expensive was a two-bedroom of 824 square feet at $229,900, and two two-bedroom condos were listed at $159,800 each.

The largest cuts this week went to a five-bedroom house, down $25,001 to $499,999 on Tuesday, a four-bedroom down $19,100 to $549,900 on Saturday and a three-bedroom down $10,700 to $425,000 on Tuesday. Homes here sit longer than in most towns: the median listing had been up for about 62 days, and 64 had been on the market for 90 days or more.

Sales and rents

The Massachusetts Association of Realtors counted 24 single-family sales in Fall River in September, 50% more than a year earlier, at a median price of $417,000, down 7.8%. The number of single-family homes for sale in its count was up 51.9% from a year before. Zillow's rent index put the typical Fall River rent at $1,888 a month in September, up 2.4% from a year earlier.

The monthly cost

With 20% down on a house at the median asking price, a buyer would borrow $407,960. At the 7.24% average 30-year rate Freddie Mac reported Thursday, principal and interest would run about $2,780 a month, about $22 less than at last week's 7.32% and about $290 more than at the 6.17% average a year ago.

Fall River's fiscal 2026 residential rate of $11.48 per $1,000 of value would put the tax on a house assessed at the median asking price at about $5,854 a year, or about $488 a month. The average single-family bill last year was $4,651, on an average value of $405,164, according to the state Department of Revenue. The city's fiscal 2027 rate is not yet in the state's records.

Label: Reported by us, from the town's posted records.