Home Values

Dedham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$389,800

  • 3.1% 1-year change
  • -0.4% 1-year forecast

The median home value in Dedham is $389,800. Dedham home values have gone up 3.1% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Dedham is $284, which is higher than the Boston Metro average of $221. The median price of homes currently listed in Dedham is $399,900 while the median price of homes that sold is $377,550. The median rent price in Dedham is $2,038, which is lower than the Boston Metro median of $2,371.

Foreclosures will be a factor impacting home values in the next several years. In Dedham 1.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Dedham is 8.5%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Dedham homeowners underwater on their mortgage is 6.7%, which is lower than Boston Metro at 9.6%.

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Relative ZHVI
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Dedham Market Overview

Data through Jan 31, 2015
  • $389,800 ZHVI
  • -0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $399,900 Median listing price
  • No recent data Median sale price
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Dedham Market Health

Data through Jan 31, 2015
  • 2.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 6.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes(Dec 31, 2014) Dedham
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Dover $941,900
Newton $821,300
Needham $768,100
Name Median ZHVI
Brookline $642,900
Westwood $624,300
Milton $527,000
Name Median ZHVI
Canton $432,100
East Walpole $402,600
Norwood $389,800

Listings & Sales

Data through Jan 31, 2015
  • $284 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
13.7%
Sold below listing
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Dedham Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,376 Dedham
    $2,149 Boston Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,038 Rent list price
  • $1.97 Rent list price / sq ft
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