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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dover Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Dover Township has remained a Seller's Market.

Key Takeaway

Dover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dover Township, MI

How much do homes in Dover Township, MI cost?

Median Sold Price

$194,733

$262/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,733(+15.2%)

Key Takeaway

Homes in Dover Township have sold for 15.2% more than they did a month ago.

Summary: The median home sold price in Dover Township was $194,733 in November 2024, up 15.2% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$250K
N/A
2 $159.9K-
N/A
3 $275K$139.4K
-49.3%
4 $169K-
N/A
5+ --
N/A

Summary: Dover Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 49.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dover Township
+15.2%
Clayton
+15.0%
Madison Charter Township
-15.5%

Housing Supply in Dover Township, MI

How many homes are available in Dover Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108-20.0%

Summary: The Dover Township real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 44
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Dover 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dover Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Dover Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Dover Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days33 Days+8.8%

Summary: Homes in Dover Township had an average of 33 days on market in Nov 2024, up by 8.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Dover Township; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Dover Township, MI

Nearby Markets to Dover Township, MI

What housing markets are near Dover Township, MI?