$5,213 Closing Credit*
$439,000
929 SqFt
3 Beds
•1 Full Bath
#73323088, Danielle Bing Team, Listing Office: Gibson Sotheby's International Realty
Is Dorchester Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$700,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,000(+1.4%)
Key Takeaway
Homes in Dorchester Center have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Dorchester Center was $700,000 in December 2024, up 1.4% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $432K | -13.6% |
| 2 Bedrooms | $545K | $540K | -0.9% |
| 3 Bedrooms | $570K | $625K | +9.6% |
| 4 Bedrooms | $747K | $857.5K | +14.8% |
| 5+ Bedrooms | $910K | $1.0M | +13.7% |
Summary: Dorchester Center housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in Dorchester Center, MA
How many homes are available in Dorchester Center, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 70 | 60 | -14.3% |
Summary: The Dorchester Center real estate market had 60 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Dorchester Center housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester Center, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Dorchester Center in December 2024, up by 50.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 10% were sold at asking, and 38% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +11.1% |
Summary: Homes in Dorchester Center had an average of 28 days on market in Dec 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
14 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 Dorchester Center are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in Dorchester Center; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
