Is Dover Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dover Township has remained a Seller's Market.
Key Takeaway
Dover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover Township, PA
How much do homes in Dover Township, PA cost?
Median Sold Price
$270,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dover Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Dover Township was $270,000 in April 2024, up 8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $146K | -18.0% |
| 2 Bedrooms | $187.4K | $211K | +12.5% |
| 3 Bedrooms | $235.9K | $259.9K | +10.2% |
| 4 Bedrooms | $325K | $347K | +6.8% |
| 5+ Bedrooms | $304.2K | $405K | +33.1% |
Summary: Dover Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $258K | $314K | +21.7% |
| Warrington Township | $460K | $524.9K | +14.1% |
| Dover | $245K | $270K | +10.2% |
| West Manchester Township | $230K | $250.2K | +8.8% |
| Dover Township | $250K | $270K | +8.0% |
Housing Supply in Dover Township, PA
How many homes are available in Dover Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 88 | -8.3% |
Summary: The Dover Township real estate market had 88 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 62 | 52 | -16.1% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Dover Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover Township, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Dover Township in April 2024, the same as the previous month. Of the 29 sold homes, 10% were sold under asking, 38% were sold at asking, and 52% were sold over asking.
Days on Market for Dover Township, PA
How long does it take to sell a home in Dover Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | 0.1% |
Summary: Homes in Dover Township had an average of 21 days on market in Apr 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dover Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Dover Township; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
