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 neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Dorchester Center was a Seller's Market.

Key Takeaway

Dorchester Center is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Dorchester Center, MA cost?

Median Sold Price

$689,000

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$33,750(+5.2%)

Key Takeaway

Homes in Dorchester Center have sold for 5.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $375.5K$420K
+11.9%
2 $475K$500K
+5.3%
3 $569.5K$583K
+2.4%
4 $676.5K$715.7K
+5.8%
5+ $947.5K$900K
-5.0%

Median Sold Price Compared To Nearby Cities

Milton
+6.7%
Boston
+6.2%
Dorchester Center
+5.2%

How many homes are available in Dorchester Center, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
109105-3.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 58
+60.0%
2 2322
-4.3%
3 2417
-29.2%
4 1610
-37.5%
5+ 4148
+17.1%

Number of Homes Sold

Oct 2022Nov 2022%
2615-42.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorchester Center, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days28 Days+10.0%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Dorchester Center, MA

Dorchester Center, MA has 105 homes on the market. The inventory of homes for sale in Dorchester Center, MA between October 2022 and November 2022 decreased by 3.7%. While the average time on the market in November 2022 was 28 days, the median list price was $689,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 11.9%, prices of 2 bedrooms properties increased by 5.3%, 3 bedrooms properties prices increased by 2.4%, the cost of 4 bedrooms properties went up by 5.8%, prices of 5 bedrooms properties went down by 5%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 60%, 2 bedrooms homes became 4.3% less available, volume of 3 bedrooms homes went down by 29.2%, 4 bedrooms homes inventory decreased by 37.5%, 5 bedrooms homes became 17.1% more available. Over 7 listings were sold over their listed price in November 2022 in Dorchester Center, MA. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price.

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