$8,894 Closing Credit*
$749,000
2,996 SqFt
5 Beds
•2 Full Baths, 1 Partial
#73314250, Connor Delaney, Listing Office: Dreamcatcher Investment Group, Inc.
Is Dorchester, 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, Dorchester has remained a Seller's Market.
Key Takeaway
Dorchester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dorchester, MA
How much do homes in Dorchester, MA cost?
Median Sold Price
$711,785
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,452(+3.0%)
Key Takeaway
Homes in Dorchester have sold for 3% more than they did a year ago.
Summary: The median home sold price in Dorchester was $711,785 in October 2024, up 3% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387.5K | $380K | -1.9% |
| 2 Bedrooms | $575K | $580K | +0.9% |
| 3 Bedrooms | $625K | $665K | +6.4% |
| 4 Bedrooms | $779K | $820K | +5.3% |
| 5+ Bedrooms | $972.5K | $1.1M | +14.1% |
Summary: Dorchester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Mount Bowdoin | $700K | $865K | +23.6% |
| Dorchester | $691.3K | $711.7K | +3.0% |
| Neponset | $695K | $690K | -0.7% |
Housing Supply in Dorchester, MA
How many homes are available in Dorchester, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 215 | +12.0% |
Summary: The Dorchester real estate market had 215 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 62 | 67 | +8.1% |
| 3 Bedrooms | 61 | 67 | +9.8% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 54 | 61 | +13.0% |
Summary: The Dorchester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Dorchester in October 2024, up by 4.5% month-over-month. Of the 46 sold homes, 54% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Dorchester, MA
How long does it take to sell a home in Dorchester, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -19.8% |
Summary: Homes in Dorchester had an average of 28 days on market in Oct 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dorchester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 46 homes were sold in Dorchester; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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