$10,000 Closing Credit*
$1,625,000
3,695 SqFt
6 Beds
•4 Full Baths
#73320392, Christine Do, Listing Office: Keller Williams Realty
Is Dorchester, 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, 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
$713,928
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,928(+4.2%)
Key Takeaway
Homes in Dorchester have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Dorchester was $713,928 in November 2024, up 4.2% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $372.5K | -3.2% |
| 2 Bedrooms | $575K | $580K | +0.9% |
| 3 Bedrooms | $628.9K | $672.4K | +6.9% |
| 4 Bedrooms | $784.5K | $843K | +7.5% |
| 5+ Bedrooms | $956.2K | $1.1M | +17.1% |
Summary: Dorchester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Mount Bowdoin | $690K | $865K | +25.4% |
| Dorchester | $685K | $713.9K | +4.2% |
| Neponset | $700K | $650K | -7.1% |
Housing Supply in Dorchester, MA
How many homes are available in Dorchester, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 203 | 171 | -15.8% |
Summary: The Dorchester real estate market had 171 homes for sale in November 2024, a 15.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 62 | 51 | -17.7% |
| 3 Bedrooms | 60 | 43 | -28.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 57 | 55 | -3.5% |
Summary: The Dorchester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 3.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 37 | -26.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Dorchester in November 2024, down by 26.0% month-over-month. Of the 37 sold homes, 62% were sold under asking, 8% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.3% |
Summary: Homes in Dorchester had an average of 32 days on market in Nov 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 37 homes were sold in Dorchester; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
