Is Dennis Port, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dennis Port has remained a Seller's Market.
Key Takeaway
Dennis Port is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dennis Port, MA
How much do homes in Dennis Port, MA cost?
Median Sold Price
$510,000
$539/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dennis Port have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Dennis Port was $510,000 in May 2024, up 8.9% from last year, and the median price per square foot was $539.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $222.5K | -21.1% |
| 2 Bedrooms | $335K | $424.4K | +26.7% |
| 3 Bedrooms | $602.5K | $599.9K | -0.4% |
| 4 Bedrooms | $772.5K | $666.5K | -13.7% |
| 5+ Bedrooms | $770K | $605K | -21.4% |
Summary: Dennis Port housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Harwich Port | $555K | $1.0M | +87.2% |
| South Dennis | $530K | $625K | +17.9% |
| Dennis Port | $468.5K | $510K | +8.9% |
| West Harwich | $920K | $865K | -6.0% |
| West Dennis | $685K | $584.5K | -14.7% |
Housing Supply in Dennis Port, MA
How many homes are available in Dennis Port, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Summary: The Dennis Port real estate market had 33 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Dennis Port housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dennis Port, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Dennis Port in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Dennis Port, MA
How long does it take to sell a home in Dennis Port, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 58 Days | -4.5% |
Summary: Homes in Dennis Port had an average of 58 days on market in May 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dennis Port are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Dennis Port; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
