$10,000 Closing Credit*
$1,200,000
3,797 SqFt
5 Beds
•4 Full Baths, 1 Partial
#73314831, Thomas O Neill, Listing Office: Success! Real Estate
Is Dorchester Center, 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 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
$686,500
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,166(-1.6%)
Key Takeaway
Homes in Dorchester Center have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Dorchester Center was $686,500 in November 2024, down 1.6% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $454.1K | -6.4% |
| 2 Bedrooms | $545K | $540K | -0.9% |
| 3 Bedrooms | $570K | $615K | +7.9% |
| 4 Bedrooms | $770K | $845K | +9.7% |
| 5+ Bedrooms | $910K | $1.0M | +14.5% |
Summary: Dorchester Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in Dorchester Center, MA
How many homes are available in Dorchester Center, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 74 | -14.0% |
Summary: The Dorchester Center real estate market had 74 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The Dorchester Center housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 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. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Dorchester Center in November 2024, down by 27.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 32 Days | +15.4% |
Summary: Homes in Dorchester Center had an average of 32 days on market in Nov 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 November 2024, 13 homes were sold in Dorchester Center; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
