Month-over-Month Changes

In August 2023, Dublin’s real estate market saw some fluctuations compared to July 2023:

  • Homes Sold: 19 homes were sold, a 21% decrease from 24 sales in the previous month.
  • Median Sale Price: Increased by 38%, from $1,517,500 in July to $2,100,000 in August.
  • Days on Market (DOM): Rose to 7 days from 6 days in July.
  • Percentage of List Price Received: Sellers received 104% of their asking price, down from 108% in July.

This data suggests a market that is still competitive but is experiencing a slight slowdown in sales volume and a significant increase in property prices.

Year-over-Year Comparison

Comparing August 2023 to August 2022, the following changes were noted:

  • Homes Sold: Decreased by 44%, from 34 to 19.
  • Homes Listed: Decreased by 40%, from 42 to 25.
  • Median Sale Price: Increased by 35%, from $1.55M to $2.10M.
  • Average Dollar per Square Foot: Increased by 15%, from $695 to $802.
  • Median Days on Market: Decreased from 9 to 7 days.
  • Months of Inventory: Decreased by 67%, from 1.5 to 0.5.
  • Percentage of List Price Received: Increased by 5%, from 99% to 104%.

The year-over-year data indicates a market with fewer sales and listings but higher prices and quicker sales.

Price Points and Quadrants

The August 2023 sales details were broken down by quadrants:

  • Top Quadrant: 5 homes sold, Median Sale Price: $2,800,000, Median DOM: 6, Avg. $/Sq.Ft.: $757.
  • Second Quadrant: 5 homes sold, Median Sale Price: $2,160,000, Median DOM: 13, Avg. $/Sq.Ft.: $714.
  • Third Quadrant: 5 homes sold, Median Sale Price: $1,820,000, Median DOM: 5, Avg. $/Sq.Ft.: $823.
  • Bottom Quadrant: 4 homes sold, Median Sale Price: $1,434,000, Median DOM: 8, Avg. $/Sq.Ft.: $888.

The top and second quadrants are the most active, indicating that higher-priced homes are moving faster in the market.

Conclusion

The Dublin market in August 2023 showed a decrease in sales volume but an increase in median sale prices compared to the previous month. The year-over-year data indicates a market with fewer listings but higher prices and quicker sales. The breakdown by quadrants offers valuable insights for buyers and sellers, highlighting the competitive nature of the market.

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