Is Dedham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$693,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dedham have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Dedham was $693,000 in March 2024, up 6.6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $299.9K | -4.8% |
| 2 Bedrooms | $507.5K | $545.5K | +7.5% |
| 3 Bedrooms | $630K | $660K | +4.8% |
| 4 Bedrooms | $784K | $834.2K | +6.4% |
| 5+ Bedrooms | $915K | $810K | -11.5% |
Summary: Dedham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Newton Center | $1.5M | $1.7M | +12.5% |
| Canton | $655K | $717.5K | +9.5% |
| Dedham | $649.9K | $693K | +6.6% |
| Needham | $1.3M | $1.4M | +6.6% |
| Westwood | $1.1M | $1.1M | -2.3% |
Housing Supply in Dedham, MA
How many homes are available in Dedham, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 55 | +25.0% |
Summary: The Dedham real estate market had 55 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Dedham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dedham, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Dedham in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +13.4% |
Summary: Homes in Dedham had an average of 28 days on market in Mar 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dedham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Dedham; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
