Is South 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, 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
$625,000
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Dennis have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in South Dennis was $625,000 in May 2024, up 17.9% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | - | N/A |
| 2 Bedrooms | $443K | $490K | +10.6% |
| 3 Bedrooms | $586.5K | $657.5K | +12.1% |
| 4 Bedrooms | $692.5K | $775K | +11.9% |
| 5+ Bedrooms | $1.2M | $975K | -24.7% |
Summary: South Dennis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Cities
| South Dennis | $530K | $625K | +17.9% |
| Yarmouth | $530K | $581.7K | +9.8% |
| South Yarmouth | $550K | $600K | +9.1% |
| Dennis Port | $468.5K | $510K | +8.9% |
| Dennis | $570K | $589K | +3.3% |
Housing Supply in South Dennis, MA
How many homes are available in South Dennis, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The South Dennis real estate market had 26 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The South Dennis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in South Dennis in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 37 Days | +124.5% |
Summary: Homes in South Dennis had an average of 37 days on market in May 2024, up by 124.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were 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 May 2024, 9 homes were sold in South Dennis; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
