Is Dedham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Dedham has remained a Seller's Market.
Housing Prices in Dedham, MA
How much do homes in Dedham, MA cost?
Median Sold Price
$715,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Dedham was $715,000 in June 2024, up 11.7% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305.1K | $360K | +18.0% |
2 Bedrooms | $507.5K | $520K | +2.5% |
3 Bedrooms | $624.9K | $705K | +12.8% |
4 Bedrooms | $780K | $831.7K | +6.6% |
5+ Bedrooms | $790K | $827K | +4.7% |
Summary: Dedham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Needham | $1.3M | $1.5M | +19.7% |
Newton Center | $1.6M | $1.7M | +12.0% |
Dedham | $640.3K | $715K | +11.7% |
Canton | $660K | $715K | +8.3% |
Westwood | $1.2M | $1.0M | -12.5% |
Housing Supply in Dedham, MA
How many homes are available in Dedham, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
83 | 74 | -10.8% |
Summary: The Dedham real estate market had 74 homes for sale in June 2024, a 10.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 27 | 22 | -18.5% |
5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Dedham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 32 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Dedham in June 2024, up by 60.0% month-over-month. Of the 32 sold homes, 16% were sold under asking, 3% were sold at asking, and 81% were sold over asking.
Days on Market for Dedham, MA
How long does it take to sell a home in Dedham, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -17.0% |
Summary: Homes in Dedham had an average of 14 days on market in Jun 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Dedham; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.