Is Dorchester Center, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorchester Center is a 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

-$7,525(-1.1%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $450K$497.5K
+10.6%
2 $545K$542.5K
-0.5%
3 $583K$567K
-2.7%
4 $751K$740K
-1.5%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Boston
+3.3%
Dorchester Center
-1.1%
Milton
-1.3%

Housing Supply in Dorchester Center, MA

How many homes are available in Dorchester Center, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6757-14.9%

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

# BEDSFeb 2024Mar 2024CHANGE
1 31
-66.7%
2 109
-10.0%
3 2420
-16.7%
4 74
-42.9%
5+ 2323
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 2024Mar 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
54 Days20 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

Breakdown of Home Sale Times

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.

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

Report Updated 24 Days Ago

Newest Listings in Dorchester Center, MA

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