Month-over-Month Changes

In November 2023, the Dublin real estate market experienced the following changes compared to October 2023:

  • Homes Sold: Decreased slightly by 4%, with 22 homes sold in November compared to 23 in the previous month.
  • Median Sale Price: Increased by 7%, from $1,600,000 in October 2023 to $1,715,000 in November 2023.
  • Days on Market (DOM): Increased to 12 days in November, up from 8 days in October.
  • Percentage of List Price Received: Sellers received 101% of their asking price in November, a slight decrease from 102% in October.

Analysis

The month-over-month data for Dublin indicates a slight decrease in the number of homes sold but an increase in the median sale price. The rise in DOM and a slight decrease in the percentage of list price received suggest a slight shift towards a more balanced market.

Year-over-Year Comparison

Comparing November 2023 to November 2022, the Dublin market shows the following changes:

  • Homes Sold: Decreased by 27%, from 30 homes in November 2022 to 22 in November 2023.
  • Median Sale Price: Increased significantly from $1.19M in November 2022 to $1.71M in November 2023.
  • Days on Market: Decreased from 24 days in November 2022 to 12 days in November 2023.
  • Percentage of List Price Received: Improved from 97% in November 2022 to 101% in November 2023.

Analysis

Year-over-year, Dublin’s real estate market has seen a decrease in the number of homes sold but a substantial increase in median sale prices. The decrease in DOM and the improvement in the percentage of list price received indicate a strong seller’s market.

Price Points and Quadrants

The sales data for November 2023 in Dublin, broken down by quadrants, reveals:

  • Top Quadrant: 6 homes sold, Median Sale Price: $2,120,000, Median DOM: 11, Avg. $/Sq.Ft.: $719.
  • Second Quadrant: 6 homes sold, Median Sale Price: $1,748,808, Median DOM: 7, Avg. $/Sq.Ft.: $641.
  • Third Quadrant: 5 homes sold, Median Sale Price: $1,581,000, Median DOM: 13, Avg. $/Sq.Ft.: $615.
  • Bottom Quadrant: 5 homes sold, Median Sale Price: $1,335,000, Median DOM: 10, Avg. $/Sq.Ft.: $740.

Analysis

The quadrant data for Dublin in November 2023 shows that the top quadrant, representing the highest-priced homes, is moving quickly with a relatively short DOM. The balanced distribution of sales across all quadrants indicates a healthy market with consistent demand across various price points.

Conclusion

The Dublin market in November 2023 demonstrated a slight decrease in homes sold month-over-month but a significant increase in median sale prices year-over-year. The market is experiencing a shift with shorter DOM and sellers receiving above their asking price. The quadrant data provides valuable insights for both buyers and sellers, indicating a robust market across all price segments.

Data provided by MLSListings and is deemed reliable but not guaranteed.