Is Dorchester Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dorchester Center has remained a Seller's Market.
Key Takeaway
Dorchester Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dorchester Center, MA
How much do homes in Dorchester Center, MA cost?
Median Sold Price
$707,500
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dorchester Center have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Dorchester Center was $707,500 in April 2024, up 3.9% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $527.5K | +27.1% |
| 2 Bedrooms | $530K | $552.5K | +4.2% |
| 3 Bedrooms | $580K | $585K | +0.9% |
| 4 Bedrooms | $755K | $740K | -2.0% |
| 5+ Bedrooms | $900K | $955K | +6.1% |
Summary: Dorchester Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Dorchester Center, MA
How many homes are available in Dorchester Center, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 65 | +20.4% |
Summary: The Dorchester Center real estate market had 65 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Dorchester Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester Center, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Dorchester Center in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Dorchester Center, MA
How long does it take to sell a home in Dorchester Center, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 62 Days | +60.5% |
Summary: Homes in Dorchester Center had an average of 62 days on market in Apr 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dorchester Center are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Dorchester Center; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
