Dover, MA Real Estate
For accurate, up-to-the-second information about real estate for sale and for rent in Dover, MA, look no further than Boston City Properties. On this page, sign up to gain free, immediate, unlimited access to our comprehensive online database of Massachusetts real estate listings. Whether you are looking to purchase a house or condo, to rent an apartment or townhouse or for some other type of residential real estate, connect with us to find what you need faster and with a lot less effort. As one of the wealthiest Boston suburbs, this town has a unique real estate market that can be tricky for everyday folks to navigate. We can refer you to a local agent there whose assistance is certain to make a huge difference.
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Boston City Properties doesn’t charge a thing for access to our listings, which are populated by reputable MLS sources and updated continually. Once you sign up, you can use our powerful and convenient search tool to check current availability for whatever you need. Throughout your search, you can count on us should you have any questions regarding any listings that you run across. We also have connections with skilled local real estate experts. When you are ready to check out properties in Dover, contact us for a referral.
With a population of just under 6,300 at the time of the 2010 U.S. Census, Dover, MA, is so small that many of the normal rules don’t apply to its real estate market. Located about 15 miles southwest of the city of Boston in Norfolk County, this town is traversed by the Charles River and covered by the 02030 zip code. It is bordered by several communities, including Walpole, Westwood, Natick and Medfield. This town is also known for having some of the largest residential zoned lots in the state, so if you are looking for a home that includes a lot of land, this may be the place for you.
It is well known that Dover is among the most upscale of Boston’s western suburbs. Property values here are through the roof, and homes here are large and elegant. Not surprisingly, the cost of living here is fairly high. It definitely helps to have a feel for the cost of living of a place prior to buying a home there, and it’s important to note that while the cost of living in Dover is high compared to the U.S. average, it is in line with the average for the state. Indeed, the cost of living in the U.S. is 100, the cost of living in MA is 137.7, and the cost of living in this town is 143.4. It is expensive, but it’s not off the charts.
With massive homes situated on huge lots, residential properties in this small town come with some of the highest price tags around. Lately, the median list price for properties here has hovered around $1.6 million. For comparison’s sake, the median list price for homes across the state is $419,000. The median sale price here, $1.1 million, is also astronomically higher than that of MA, which is $356,000. If you prefer to compare properties by price per square foot, the price here, $313, is much higher than that of the state, which is $242.
As for the current state of the real estate market in Dover, that isn’t so easy to discern. The problem is that the market here is unique for many reasons. Chief among them is the fact that the inventory here is almost exclusively limited to lavish, massive single-family homes. One sign of fairly good market health is the fact that only around 3.9 percent of properties have negative equity. Across the country, that figure is closer to 11 percent. This strongly suggests that home values here have largely recovered from the housing crisis.
Under normal circumstances, the average number of days that properties sit on the market is highly reflective of its overall health. However, because the market in this town is dominated by high-end properties and massive homes, this information isn’t quite as useful. Lately, there has been an average of around 50 homes available on the market at any given time, and they have been sitting on the market for around 135 days or so. This is a slight improvement over last year, when homes were sitting for more than 155 days on average.
On average, real estate markets in MA have around 3.6 months’ worth of housing inventory available at any given time. Most experts agree that six months is a healthier figure, so real estate inventory is somewhat limited across the state. For the last few years, Dover’s housing inventory level has ranged from six to nine months or so. Most recently, it has averaged around 8.6 months, which means that as a buyer, you should be in a pretty good position. Chances are that many homes that you look at will have been on the market for months, and sellers may be more willing to work with you on a better price and better terms.
If you end up purchasing a home in Dover, will you live to regret it? How likely is it for its value to hold up over time? One way to gauge this is by considering a market’s current appreciation rate. In this town, the year-over-year appreciation rate hovers around 2.2 percent. This is a bit low compared with many other Boston-area markets, but it still represents growth. It is also important to note that property values here are so high that even small but consistent growth can really add up over time. Your best bet is to plan on staying put for five to 10 years, but even if you have to move sooner, you shouldn’t have trouble recouping or even making money on the deal.
It really only makes sense to looks for homes to buy in Dover, MA, if you are legitimately in the market for something truly grand, large and expensive. If you like the area but can’t afford the kinds of properties that are typically available here, don’t worry. Boston City Properties can point you in the direction of nearby communities whose markets are a bit more reasonable. The agent we refer you to is sure to make a very big difference in this regard.
The amount that you can expect to pay for a home in Dover will vary based on many things. While the vast majority of the residential properties here are detached single-family homes, a smattering of condos, townhouses and apartments is also available. If you want to buy a townhome instead of a single-family home, you can expect to pay a lot less. In 2015, the median sale price for a single-family home here was around $566,000 while the median sale price for a townhouse was $388,000. Most condos and townhomes in the area go up for sale—not for rent. If you want to rent a property like this, however, contact Boston City Properties for extra help.
The town of Dover doesn’t have much in the way of a rental market. If you need to rent rather than buy, you are probably better off looking in neighboring communities like Westwood or Walpole. Properties do occasionally go up for rent, but you’re likely to miss out without the right connections. If you need to rent a place in this town, definitely get in touch with us for a referral to a local agent. It may take a little while, but you’re sure to find the right rental property here with their assistance.
No matter what kind of property you are looking to buy or rent in Dover, Boston City Properties is here to help. Your experience will vary depending on the type of property that you need, and here’s some info about what to expect depending on which one you are after:
- Single-family homes – By far the most widely available type of residential property in Dover, detached single-family homes dominate the local market. On average, they offer around 5,000 square feet of space, which reflects just how sprawling and massive they tend to be. As noted previously, residential lots here are zoned to be among the largest in the state, so single-family homes here typically come with plenty of land as well.
- Townhomes and condos – To give you an idea of how scarce condos and townhomes are in Dover, there are typically around three on the market at any given time versus around 50 single-family homes. Not surprisingly, they tend to be smaller than detached single-family homes, but they are still quite roomy by condo and townhouse standards with an average of around 1,900 square feet. These properties tend to fly off the market much faster than others, sitting there for an average of 50 days or so. This means it is competitive, which is another reason to avail yourself of the help offered by Boston City Properties.
- Apartments – Dover isn’t known as a renter friendly place. However, our database includes listings for apartments for rent across the state, so it’s the best place to check current availability.
How Boston City Properties Can Help
Don’t go it alone when seeking to buy a home in Dover, MA. This upscale community has a lot to offer in terms of real estate, but zeroing in on exactly what you need can be an uphill battle. While there is generally a good inventory of homes available, there isn’t a ton of variety in terms of price or style. The best way to see what’s out there is by signing up to search Boston City Properties’ listings. Do this by completing and submitting the simple form. You can then start browsing listings for homes for sale in this town right away.
Once you have access to our database, click your way over to the search tool to begin. From the list of locations, select Dover. You can select more than one city, town or Boston neighborhood as well if you want to search over a larger area. From there, adjust filters for things like total number of beds and baths, price range and total square footage to refine your results even more. That way, they will only include properties that fall within your desired parameters. Read listings in your results to find homes that tick the right boxes, and you will be on your way.
In no time, you will have a manageable and accurate list of properties for sale in Dover that suit your basic requirements. After reading descriptions and checking out photos, you should be able to narrow things down even more. Eventually, you will be ready to check out some of these places in person. When the time comes, contact Boston City Properties, and we will refer you to a local real estate agent who can arrange tours of properties on your list. This agent can also assist during negotiations and be there for you all the way through closing. We are here when you need us, so contact Boston City Properties today.
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