Are you a current or aspiring landlord in Dorchester? No matter your years in the rental business, fully understanding your local market is one the most important things you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your units rent for in comparison to your neighbors. Should you be increasing your rents?
Here are Dorchester’s multifamily sales and rental market statistics for the last 6 months.
Total Multi-Family Listings SOLD: 123
Average Living Area by Square Feet: 3,517
Average Listing Price: $532,918
Average DOM (Days on Market): 58.85
Average Sales Price: $527,420
Average Rent for 1 Bedroom Units: $1,451
Average Rent for 2 Bedroom Units: $1,691
Average Rent for 3 Bedroom Units: $1,823
Average Rent for 4 Bedroom Units: $2,170
Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.