Is Dryden, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dryden is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Dryden, MI

How much do homes in Dryden, MI cost?

Median Sold Price

$400,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$72,550(+22.2%)

Key Takeaway

Homes in Dryden have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Dryden was $400,000 in November 2024, up 22.2% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $103.5K$286K
+176.3%
3 $285.7K$455K
+59.2%
4 $359.7K$409.5K
+13.8%
5+ -$405.5K
N/A

Summary: Dryden 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 176.3%, 3 bedroom homes increased by 59.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dryden Township
+26.8%
Dryden
+22.2%

Housing Supply in Dryden, MI

How many homes are available in Dryden, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2118-14.3%

Summary: The Dryden real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1410
-28.6%
4 34
+33.3%
5+ 33
0.0%

Summary: The Dryden 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dryden, 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 Dryden in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Dryden, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days41 Days-0.2%

Summary: Homes in Dryden had an average of 41 days on market in Nov 2024, down by 0.2% compared to last year.

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 Dryden are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Dryden; 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 21 Days Ago

Newest Listings in Dryden, MI

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