DORCHESTER COUNTY HOUSING MARKET DATA

There was an increase in total units sold in March, with 33 sold this month in Dorchester County Real Estate versus 28 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 28% versus March 2024.

Versus last year, the total number of homes available this month is higher by 20 units or 13%. The total number of active inventory this March was 180 compared to 160 in March 2024. This month's total of 180 is higher than the previous month's total supply of available inventory of 178, an increase of 1%.

Last March, the median sale price for Dorchester County Homes was $239,995. This March, the median sale price was $283,000, an increase of 18% or $43,005 compared to last year. The current median sold price is 2% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 5.5 months of supply available in Dorchester County, compared to 3.5 in March 2024. That is an increase of 57% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 59 homes newly listed for sale in Dorchester County compared to 74 in March 2024, a decrease of 20%. There were 46 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 22% lower than last March.

In March, the average sale price in Dorchester County was 96.7% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 92, higher than the average last year, which was 58. This increase was impacted by the limited number of sales.





FOCUS ON: DORCHESTER COUNTY HOUSING MARKET			MARCH 2025

Units Sold 33	Active Inventory 180	Median Sale Price $283,000	Days On Market 92

Down -28% Vs. Year Ago	Up 13% Vs. Year Ago	Up 18% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 33 sold this month in Dorchester County Real Estate versus 28 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 28% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 20 units or 13%. The total number of active inventory this March was 180 compared to 160 in March 2024. This month's total of 180 is higher than the previous month's total supply of available inventory of 178, an increase of 1%.
		Median Sale Price Last March, the median sale price for Dorchester County Homes was $239,995. This March, the median sale price was $283,000, an increase of 18% or $43,005 compared to last year. The current median sold price is 2% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 59	Current Contracts 46	Sold Vs. List Price 96.7%	Months of Supply 5.5

Down -20% Vs. Year Ago	Down -22% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 57% Vs. Year Ago


		Months of Supply In March, there was 5.5 months of supply available in Dorchester County, compared to 3.5 in March 2024. That is an increase of 57% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 59 homes newly listed for sale in Dorchester County compared to 74 in March 2024, a decrease of 20%. There were 46 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 22% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Dorchester County was 96.7% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 92, higher than the average last year, which was 58. This increase was impacted by the limited number of sales.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.