Is Dorr Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dorr Township has remained a Seller's Market.
Key Takeaway
Dorr Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dorr Township, MI
How much do homes in Dorr Township, MI cost?
Median Sold Price
$332,950
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dorr Township have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Dorr Township was $332,950 in May 2024, up 7.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232K | $256.5K | +10.6% |
| 3 Bedrooms | $267.5K | $302.5K | +13.1% |
| 4 Bedrooms | $335K | $334.4K | -0.2% |
| 5+ Bedrooms | $380K | $482.5K | +27.0% |
Summary: Dorr Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| Leighton Township | $324.9K | $352.5K | +8.5% |
| Dorr Township | $310K | $332.9K | +7.4% |
| Dorr | $314.6K | $334.9K | +6.4% |
| Byron Center | $416.5K | $429.5K | +3.1% |
Housing Supply in Dorr Township, MI
How many homes are available in Dorr Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Summary: The Dorr Township real estate market had 19 homes for sale in May 2024, a 58.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dorr Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dorr Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Dorr Township in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Dorr Township, MI
How long does it take to sell a home in Dorr Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 2 Days | -45.6% |
Summary: Homes in Dorr Township had an average of 2 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dorr Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Dorr Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
