Is Dorchester Center, 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, Dorchester Center has remained a Seller's Market.
Key Takeaway
Dorchester Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dorchester Center, MA
How much do homes in Dorchester Center, MA cost?
Median Sold Price
$686,975
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dorchester Center have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Dorchester Center was $686,975 in March 2024, down 1.1% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $497.5K | +10.6% |
| 2 Bedrooms | $545K | $542.5K | -0.5% |
| 3 Bedrooms | $583K | $567K | -2.7% |
| 4 Bedrooms | $751K | $740K | -1.5% |
| 5+ Bedrooms | $900K | $940K | +4.4% |
Summary: Dorchester Center housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in Dorchester Center, MA
How many homes are available in Dorchester Center, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 57 | -14.9% |
Summary: The Dorchester Center real estate market had 57 homes for sale in March 2024, a 14.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Dorchester Center housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorchester Center, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Dorchester Center in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Dorchester Center, MA
How long does it take to sell a home in Dorchester Center, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 20 Days | -62.6% |
Summary: Homes in Dorchester Center had an average of 20 days on market in Mar 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
10 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 Dorchester Center are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Dorchester Center; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
