$4,749 Closing Credit*
$399,900
1,960 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sylvia W Pankonien, Listing Office: RE/MAX Horizons
Is Dover, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$311,221
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,305(+8.1%)
Key Takeaway
Homes in Dover have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Dover was $311,221 in October 2024, up 8.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $141K | N/A |
| 2 Bedrooms | $205K | $218.4K | +6.6% |
| 3 Bedrooms | $275.7K | $295K | +7.0% |
| 4 Bedrooms | $352.5K | $389.9K | +10.6% |
| 5+ Bedrooms | $376K | $454.9K | +21.0% |
Summary: Dover housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Camden Wyoming | $345.5K | $385K | +11.4% |
| Dover | $287.9K | $311.2K | +8.1% |
Housing Supply in Dover, DE
How many homes are available in Dover, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 262 | 276 | +5.3% |
Summary: The Dover real estate market had 276 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 136 | 144 | +5.9% |
| 4 Bedrooms | 77 | 86 | +11.7% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Dover housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 62 homes were sold or pending in Dover in October 2024, up by 24.0% month-over-month. Of the 62 sold homes, 31% were sold under asking, 44% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +65.0% |
Summary: Homes in Dover had an average of 32 days on market in Oct 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 62 homes were sold in Dover; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
