Is Dorchester Center, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Dorchester Center has remained a Seller's Market.
Housing Prices in Dorchester Center, MA
How much do homes in Dorchester Center, MA cost?
Median Sold Price
$685,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Dorchester Center was $685,000 in June 2024, down 1.6% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $547.5K | +31.9% |
2 Bedrooms | $545K | $545K | 0.0% |
3 Bedrooms | $575K | $585K | +1.7% |
4 Bedrooms | $748.2K | $765K | +2.2% |
5+ Bedrooms | $907.5K | $973K | +7.2% |
Summary: Dorchester Center housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Dorchester Center, MA
How many homes are available in Dorchester Center, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
88 | 75 | -14.8% |
Summary: The Dorchester Center real estate market had 75 homes for sale in June 2024, a 14.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 23 | 17 | -26.1% |
3 Bedrooms | 23 | 13 | -43.5% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The Dorchester Center housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 43.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Dorchester Center in June 2024, down by 20.0% 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 Dorchester Center, MA
How long does it take to sell a home in Dorchester Center, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -35.1% |
Summary: Homes in Dorchester Center had an average of 22 days on market in Jun 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Dorchester Center; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.