$4,216 Closing Credit*
$355,000
2,250 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amy Smith, Listing Office: Century 21 Allstar Real Estate Team, Inc in Monroe
Is Dundee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Dundee was a Neutral 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
$267,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,050(-7.6%)
Key Takeaway
Homes in Dundee have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Dundee was $267,950 in October 2024, down 7.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $147K | $175.9K | +19.7% |
| 3 Bedrooms | $280K | $290.2K | +3.7% |
| 4 Bedrooms | $355K | $366K | +3.1% |
| 5+ Bedrooms | $360.7K | $316K | -12.4% |
Summary: Dundee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| London Township | $237.5K | $257.4K | +8.4% |
| Milan Township | $274.7K | $284.9K | +3.7% |
| Dundee Township | $290K | $270K | -6.9% |
| Dundee | $290K | $267.9K | -7.6% |
Housing Supply in Dundee, MI
How many homes are available in Dundee, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Dundee real estate market had 33 homes for sale in October 2024, a 26.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 17 | 25 | +47.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Dundee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 47.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dundee, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Dundee in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 35 Days | -43.5% |
Summary: Homes in Dundee had an average of 35 days on market in Oct 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dundee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Dundee; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
