Is West Dennis, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Dennis was a Buyer's Market.
Key Takeaway
West Dennis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Dennis, MA
How much do homes in West Dennis, MA cost?
Median Sold Price
$584,500
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Dennis have sold for 14.7% less than they did a year ago.
Summary: The median home sold price in West Dennis was $584,500 in May 2024, down 14.7% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.9K | $182.5K | 0.3% |
| 2 Bedrooms | $553.7K | $527.5K | -4.7% |
| 3 Bedrooms | $695K | $694K | -0.1% |
| 4 Bedrooms | $825K | $1.5M | +85.8% |
| 5+ Bedrooms | $900K | $1.4M | +57.8% |
Summary: West Dennis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 85.8%, and 5+ bedroom homes increased by 57.8%.
Median Sold Price Compared To Nearby Cities
| South Dennis | $530K | $625K | +17.9% |
| South Yarmouth | $550K | $600K | +9.1% |
| Dennis Port | $468.5K | $510K | +8.9% |
| Dennis | $570K | $589K | +3.3% |
| West Dennis | $685K | $584.5K | -14.7% |
Housing Supply in West Dennis, MA
How many homes are available in West Dennis, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The West Dennis real estate market had 15 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Dennis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Dennis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in West Dennis in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for West Dennis, MA
How long does it take to sell a home in West Dennis, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 54 Days | +1266.7% |
Summary: Homes in West Dennis had an average of 54 days on market in May 2024, up by 1266.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Dennis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in West Dennis; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
