$10,000 Closing Credit*
$1,699,000
4,732 SqFt
4 Beds
•3 Full Baths, 1 Partial
#73320422, Cley Oliveira, Listing Office: Coldwell Banker Realty - Waltham
Is Dedham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Dedham has remained a Seller's Market.
Key Takeaway
Dedham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dedham, MA
How much do homes in Dedham, MA cost?
Median Sold Price
$721,800
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,800(+7.7%)
Key Takeaway
Homes in Dedham have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Dedham was $721,800 in November 2024, up 7.7% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.4K | $360K | +17.1% |
| 2 Bedrooms | $537.4K | $506K | -5.9% |
| 3 Bedrooms | $651.5K | $725.4K | +11.3% |
| 4 Bedrooms | $780K | $845K | +8.3% |
| 5+ Bedrooms | $790K | $1.1M | +41.8% |
Summary: Dedham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.6M | $1.8M | +11.1% |
| Needham | $1.3M | $1.5M | +10.3% |
| Dedham | $670K | $721.8K | +7.7% |
| Westwood | $1.0M | $1.1M | +2.9% |
| Canton | $695K | $700K | +0.7% |
Housing Supply in Dedham, MA
How many homes are available in Dedham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 72 | -5.3% |
Summary: The Dedham real estate market had 72 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Dedham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dedham, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Dedham in November 2024, up by 22.2% month-over-month. Of the 22 sold homes, 14% were sold under asking, 14% were sold at asking, and 73% were sold over asking.
Days on Market for Dedham, MA
How long does it take to sell a home in Dedham, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +122.7% |
Summary: Homes in Dedham had an average of 33 days on market in Nov 2024, up by 122.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dedham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Dedham; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
