Is Dorchester, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorchester is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Dorchester was a Seller's Market.

Key Takeaway

Dorchester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dorchester, SC

How much do homes in Dorchester, SC cost?

Median Sold Price

$365,000

$229/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$5,000(+1.4%)

Key Takeaway

Homes in Dorchester have sold for 1.4% more than they did a month ago.

Summary: The median home sold price in Dorchester was $365,000 in December 2024, up 1.4% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $337K$365K
+8.3%
4 $360K-
N/A
5+ --
N/A

Summary: Dorchester housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cross
+10.6%
Dorchester
+1.4%

Housing Supply in Dorchester, SC

How many homes are available in Dorchester, SC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1210-16.7%

Summary: The Dorchester real estate market had 10 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 65
-16.7%
5+ 11
0.0%

Summary: The Dorchester 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorchester, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Dorchester in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Dorchester, SC

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Dorchester, SC

Nearby Markets to Dorchester, SC

What housing markets are near Dorchester, SC?