Hello, Dorchester residents and future neighbors! Welcome to your May 2025 market update from Zander Realty Group, your trusted local experts in Massachusetts real estate. We're here to break down the latest trends in the Dorchester residential market, offering insights that are vital whether you're looking to buy a home in Dorchester or selling your home in Dorchester.
Key Highlights for the Dorchester Real Estate Market
The real estate market in Dorchester continues to be dynamic. Here’s a quick snapshot of what we're seeing this May:
- Seller's Market: Dorchester is currently experiencing a seller's market. This means that conditions generally favor sellers due to limited inventory.
- Months of Inventory: There are currently 3.67 months of inventory available.
- Sold to List Price %: Homes are selling at an impressive 100.2% of their list price.
- Median Days in RPR: The median days a property stays on the market in RPR is 21 days.
- Median Sold Price: The median sold price in May 2025 was $695,000, showing a 5.3% increase month-over-month.
Understanding Property Values in Dorchester
The median estimated property value in Dorchester for May 2025 is $636,100. This represents a 2.4% increase from last month and a 3.2% increase over the last 12 months. For those interested in homes for sale in Dorchester, this upward trend indicates a healthy appreciation in property values.Deep Dive into Listings and Sales
New Listings
In May 2025, the median list price for new listings was $613,500, a 48% month-over-month decrease. There were 26 new properties listed, a 35% decrease from the previous month. The median price per square foot for new listings was $541, down 3.4% month-over-month. The total dollar volume for new listings was $17,409,298.
Active Listings
Looking at active listings in May 2025, the median list price was $679,250, showing a slight increase of 0.3% month-over-month. There were 52 active properties, with a median of 32 days in RPR. The median price per square foot was $553. The total dollar volume for active listings was $37,415,896.
New Pending Listings
For new pending listings in May 2025, the median price was $594,000, a 0.5% increase month-over-month. There were 24 new pending properties, a 33.3% increase month-over-month. These properties spent a median of 28 days in RPR, with a median price per square foot of $568. The total dollar volume for new pending listings was $14,622,599.
Pending Listings
In May 2025, the median list price for pending listings was $589,000, showing a 4.1% decrease month-over-month. There were 35 pending properties, a 34.6% increase month-over-month. The median price per square foot was $540. The total dollar volume for pending listings was $21,159,198.
Sold Listings
Dorchester saw a median sold price of $695,000 in May 2025, an increase of 5.3% month-over-month. There were 15 properties sold, representing a 50% increase month-over-month. The sold to list price percentage was 100.22%. Properties sold in a median of 21 days in RPR. The median price per square foot for sold listings was $539. The total dollar volume for sold listings was $10,949,000, a significant 75.9% increase month-over-month.
What Does This Mean for You?
For those considering buying a home in Dorchester, the market is competitive, with homes selling quickly and at or above asking price. Having a skilled agent on your side is crucial to navigate this landscape successfully.
If you're thinking about selling your home in Dorchester, the current market conditions are very favorable. With low inventory and strong buyer demand, you're in a great position to achieve a desirable sale price.
The agents at Zander Realty Group are trusted local experts in Massachusetts and Rhode Island and can help you make sense of these trends and how they apply to your specific real estate goals.
