Is Dover, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dover is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dover, NY

How much do homes in Dover, NY cost?

Median Sold Price

$407,500

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,500(+11.6%)

Key Takeaway

Homes in Dover have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Dover was $407,500 in October 2024, up 11.6% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$35K
N/A
2 $230K$285K
+23.9%
3 $399K$410K
+2.8%
4 $365K$445K
+21.9%
5+ $365K$500K
+37.0%

Summary: Dover 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 23.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 37%.

Median Sold Price Compared To Nearby Cities

Wingdale
+15.4%
Union Vale
+12.9%
Dover
+11.6%
Dover Plains
-17.6%
Kent
-19.3%

Housing Supply in Dover, NY

How many homes are available in Dover, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3637+2.8%

Summary: The Dover real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1918
-5.3%
4 45
+25.0%
5+ 55
0.0%

Summary: The Dover 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 increased by 12.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were 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, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Dover in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Dover, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days33 Days-44.8%

Summary: Homes in Dover had an average of 33 days on market in Oct 2024, down by 44.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in Dover has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Dover; 33% of homes were sold within 30 days, 67% 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 16 Days Ago

Newest Listings in Dover, NY

Nearby Markets to Dover, NY

What housing markets are near Dover, NY?