$995,000
2.98 Acres
Land
Ahmed Fayz, Mike Fayz, Listing Office: Real Estate One-Dbn Hts
Is Dundee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Dundee has remained a Seller's Market.
Key Takeaway
Dundee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dundee, MI
How much do homes in Dundee, MI cost?
Median Sold Price
$262,950
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,050(-9.6%)
Key Takeaway
Homes in Dundee have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Dundee was $262,950 in November 2024, down 9.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $172K | $175.9K | +2.3% |
| 3 Bedrooms | $280K | $285.5K | +2.0% |
| 4 Bedrooms | $355K | $366K | +3.1% |
| 5+ Bedrooms | $354K | $316K | -10.7% |
Summary: Dundee 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 2.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Milan Township | $273.3K | $284.9K | +4.2% |
| Dundee Township | $290K | $267.9K | -7.6% |
| Dundee | $291K | $262.9K | -9.6% |
Housing Supply in Dundee, MI
How many homes are available in Dundee, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Dundee real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dundee 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 25%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dundee, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Dundee in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Dundee, MI
How long does it take to sell a home in Dundee, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 19 Days | -38.1% |
Summary: Homes in Dundee had an average of 19 days on market in Nov 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dundee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Dundee; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
