Is South Dennis, 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, South Dennis has remained a Seller's Market.
Key Takeaway
South Dennis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Dennis, MA
How much do homes in South Dennis, MA cost?
Median Sold Price
$625,444
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Dennis have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in South Dennis was $625,444 in March 2024, up 18.9% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | - | N/A |
| 2 Bedrooms | $446K | $485K | +8.7% |
| 3 Bedrooms | $560K | $666.2K | +19.0% |
| 4 Bedrooms | $730K | $755K | +3.4% |
| 5+ Bedrooms | $951.5K | $975K | +2.5% |
Summary: South Dennis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| South Dennis | $526K | $625.4K | +18.9% |
| Yarmouth | $522K | $575K | +10.1% |
| South Yarmouth | $540K | $589.4K | +9.2% |
| Dennis Port | $467K | $510K | +9.2% |
| Dennis | $570K | $575K | +0.9% |
Housing Supply in South Dennis, MA
How many homes are available in South Dennis, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The South Dennis real estate market had 23 homes for sale in March 2024, a 14.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Dennis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Dennis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in South Dennis in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Dennis, MA
How long does it take to sell a home in South Dennis, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -21.2% |
Summary: Homes in South Dennis had an average of 28 days on market in Mar 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Dennis are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in South Dennis; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
