Is Dedham, MA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Dedham is a seller's market


Difference Since May 2023

Since last year, Dedham has remained a Seller's Market.

Key Takeaway

Dedham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dedham, MA

How much do homes in Dedham, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Dedham have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Dedham was $707,500 in May 2024, up 10.4% from last year, and the median price per square foot was $421.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $309K$360K
2 $500K$540K
3 $625K$686K
4 $800K$830K
5+ $832.5K$829K

Summary: Dedham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

Newton Center

Housing Supply in Dedham, MA

How many homes are available in Dedham, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Dedham real estate market had 75 homes for sale in May 2024, a 10.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
2 1414
3 2425
4 2124
5+ 710

Summary: The Dedham 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 remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dedham, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Dedham in May 2024, down by 13.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% 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

May 2023May 2024CHANGE
19 Days23 Days+22.0%

Summary: Homes in Dedham had an average of 23 days on market in May 2024, up by 22% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dedham are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 20 homes were sold in Dedham; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Dedham, MA

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