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 November 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

$402,500

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,500(+21.6%)

Key Takeaway

Homes in Dover have sold for 21.6% more than they did a year ago.

Summary: The median home sold price in Dover was $402,500 in November 2024, up 21.6% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$35K
N/A
2 $101.5K$305K
+200.5%
3 $385K$407.5K
+5.8%
4 $365K$445K
+21.9%
5+ $365K$500K
+37.0%

Summary: Dover 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 200.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 37%.

Median Sold Price Compared To Nearby Cities

Union Vale
+21.7%
Dover
+21.6%
Dover Plains
-6.5%
Kent
-19.3%

Housing Supply in Dover, NY

How many homes are available in Dover, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3226-18.8%

Summary: The Dover real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 99
0.0%
3 1510
-33.3%
4 34
+33.3%
5+ 53
-40.0%

Summary: The Dover 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 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

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 Dover, 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 in November 2024, down by 50.0% 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 Dover, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
108 Days49 Days-54.9%

Summary: Homes in Dover had an average of 49 days on market in Nov 2024, down by 54.9% 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 Dover are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Dover; 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 17 Days Ago

Newest Listings in Dover, NY

Nearby Markets to Dover, NY

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