If you know anything about Dorchester real estate, you probably know it’s been on fire for the last couple years…especially the 2-4 family buildings. But is the market cooling now? Are we at the peak? Check out the sales and rental numbers over the last 6 month and determine for yourself.
Here is Dorchester’s multifamily sales and rental market statistics for the last 6 months.
Total Multi-Family Listings SOLD: 104
Average Living Area by Square Feet: 3,362
Average Listing Price: $599,789
Average DOM (Days on Market): 51.58 Days
Average Sales Price: $593,745
Average Rent for 1 Bedroom Units: $1,645
Average Rent for 2 Bedroom Units: $1,972
Average Rent for 3 Bedroom Units: $2,211
Average Rent for 4 Bedroom Units: $2,564
Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email 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.