Is Dexter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dexter Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Dexter Township was a Seller's Market.

Key Takeaway

Dexter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dexter Township, MI

How much do homes in Dexter Township, MI cost?

Median Sold Price

$504,245

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,545(+4.7%)

Key Takeaway

Homes in Dexter Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Dexter Township was $504,245 in November 2024, up 4.7% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350.5K$349.5K
-0.3%
2 $350K$303.8K
-13.2%
3 $390K$425.7K
+9.2%
4 $515K$517.3K
0.5%
5+ $585K$700K
+19.7%

Summary: Dexter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 19.7%.

Median Sold Price Compared To Nearby Cities

Lyndon Township
+33.6%
Gregory
+14.2%
Webster Township
+9.4%
Putnam Township
+5.7%
Dexter Township
+4.7%

Housing Supply in Dexter Township, MI

How many homes are available in Dexter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6764-4.5%

Summary: The Dexter Township real estate market had 64 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 1920
+5.3%
4 3235
+9.4%
5+ 94
-55.6%

Summary: The Dexter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 55.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dexter Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Dexter Township in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Dexter Township, MI

How long does it take to sell a home in Dexter Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days42 Days-41.4%

Summary: Homes in Dexter Township had an average of 42 days on market in Nov 2024, down by 41.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dexter Township has remained consistent over time.

Summary: During November 2024, 9 homes were sold in Dexter Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Dexter Township, MI

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