Is Dedham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$690,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dedham have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Dedham was $690,000 in April 2024, up 6.3% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309K | $399.4K | +29.3% |
| 2 Bedrooms | $505K | $540K | +6.9% |
| 3 Bedrooms | $625K | $680K | +8.8% |
| 4 Bedrooms | $800K | $816.5K | +2.1% |
| 5+ Bedrooms | $900K | $810K | -10.0% |
Summary: Dedham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Canton | $654.9K | $720K | +9.9% |
| Needham | $1.3M | $1.4M | +9.6% |
| Newton Center | $1.5M | $1.7M | +9.2% |
| Dedham | $649K | $690K | +6.3% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Summary: The Dedham real estate market had 62 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Dedham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dedham, you could pay more than the asking price. 77.3% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Dedham in April 2024, up by 37.5% month-over-month. Of the 22 sold homes, 18% were sold under asking, 5% were sold at asking, and 77% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +2.8% |
Summary: Homes in Dedham had an average of 20 days on market in Apr 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dedham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Dedham; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
