$4,132 Closing Credit*
$347,990
1,573 SqFt
3 Beds
•2 Full Baths
Conrad J Heilman III, Listing Office: D.R. Horton Realty of Delaware, LLC
Is Dover, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Dover has remained a Seller's Market.
Key Takeaway
Dover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover, DE
How much do homes in Dover, DE cost?
Median Sold Price
$312,475
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,475(+7.8%)
Key Takeaway
Homes in Dover have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Dover was $312,475 in November 2024, up 7.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.1K | $123.7K | -21.2% |
| 2 Bedrooms | $207.5K | $215K | +3.6% |
| 3 Bedrooms | $275.6K | $300K | +8.8% |
| 4 Bedrooms | $358.2K | $385K | +7.5% |
| 5+ Bedrooms | $378K | $489.4K | +29.5% |
Summary: Dover housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Dover | $290K | $312.4K | +7.8% |
| Camden Wyoming | $356K | $375K | +5.3% |
Housing Supply in Dover, DE
How many homes are available in Dover, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 270 | 257 | -4.8% |
Summary: The Dover real estate market had 257 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 143 | 140 | -2.1% |
| 4 Bedrooms | 81 | 72 | -11.1% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Dover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 49 | -29.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 49 homes were sold or pending in Dover in November 2024, down by 29.0% month-over-month. Of the 49 sold homes, 33% were sold under asking, 37% were sold at asking, and 31% were sold over asking.
Days on Market for Dover, DE
How long does it take to sell a home in Dover, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +96.2% |
Summary: Homes in Dover had an average of 42 days on market in Nov 2024, up by 96.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dover are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Dover; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
