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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorr Township is a seller's market

Buyer's
Market

Difference Since November 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

$349,900

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,900(+6.0%)

Key Takeaway

Homes in Dorr Township have sold for 6% more than they did a year ago.

Summary: The median home sold price in Dorr Township was $349,900 in November 2024, up 6% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $214.5K$367.4K
+71.3%
3 $285K$332K
+16.5%
4 $344K$365K
+6.1%
5+ $399.9K$393K
-1.7%

Summary: Dorr Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Cities

Byron Center
+11.2%
Dorr Township
+6.0%
Leighton Township
+2.9%
Dorr
+2.5%

Housing Supply in Dorr Township, MI

How many homes are available in Dorr Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1817-5.6%

Summary: The Dorr Township real estate market had 17 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 67
+16.7%
4 54
-20.0%
5+ 55
0.0%

Summary: The Dorr 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 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorr Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Dorr Township in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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

Nov 2023Nov 2024CHANGE
29 Days21 Days-26.3%

Summary: Homes in Dorr Township had an average of 21 days on market in Nov 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dorr Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Dorr Township; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

Newest Listings in Dorr Township, MI

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What housing markets are near Dorr Township, MI?