Is Dennis, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dennis has remained a Seller's Market.
Key Takeaway
Dennis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dennis, MA
How much do homes in Dennis, MA cost?
Median Sold Price
$589,000
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dennis have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Dennis was $589,000 in May 2024, up 3.3% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $222.5K | -15.2% |
| 2 Bedrooms | $427.5K | $495K | +15.8% |
| 3 Bedrooms | $635K | $657.5K | +3.5% |
| 4 Bedrooms | $825K | $935K | +13.3% |
| 5+ Bedrooms | $962.5K | $1.3M | +37.7% |
Summary: Dennis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Cities
| South Dennis | $530K | $625K | +17.9% |
| Yarmouth Port | $569K | $670K | +17.8% |
| Yarmouth | $530K | $581.7K | +9.8% |
| South Yarmouth | $550K | $600K | +9.1% |
| Dennis | $570K | $589K | +3.3% |
Housing Supply in Dennis, MA
How many homes are available in Dennis, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 92 | +17.9% |
Summary: The Dennis real estate market had 92 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 17 | +54.5% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Dennis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dennis, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Dennis in May 2024, up by 46.7% month-over-month. Of the 22 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Dennis, MA
How long does it take to sell a home in Dennis, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 55 Days | +44.9% |
Summary: Homes in Dennis had an average of 55 days on market in May 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dennis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Dennis; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
