$10,000 Closing Credit*
$1,549,900
4,382 SqFt
4 Beds
•3 Full Baths
#73312603, Kelly Panepinto, Listing Office: Keller Williams Elite
Is Dedham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$721,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,500(+8.8%)
Key Takeaway
Homes in Dedham have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Dedham was $721,000 in October 2024, up 8.8% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.4K | $429.5K | +39.7% |
| 2 Bedrooms | $532.4K | $512K | -3.8% |
| 3 Bedrooms | $653K | $721.4K | +10.5% |
| 4 Bedrooms | $780K | $840K | +7.7% |
| 5+ Bedrooms | $790K | $1.0M | +32.9% |
Summary: Dedham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
| Needham | $1.3M | $1.5M | +15.3% |
| Newton Center | $1.6M | $1.8M | +13.5% |
| Dedham | $662.5K | $721K | +8.8% |
| Canton | $685.5K | $700K | +2.1% |
| Westwood | $1.0M | $1.1M | +1.0% |
Housing Supply in Dedham, MA
How many homes are available in Dedham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 71 | +2.9% |
Summary: The Dedham real estate market had 71 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Dedham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dedham, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Dedham in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +51.9% |
Summary: Homes in Dedham had an average of 41 days on market in Oct 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dedham are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Dedham; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
