Is Dover, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dover has remained a Seller's Market.
Key Takeaway
Dover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover, PA
How much do homes in Dover, PA cost?
Median Sold Price
$272,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dover have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Dover was $272,000 in May 2024, up 8.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $146K | -18.0% |
| 2 Bedrooms | $189.9K | $209.9K | +10.5% |
| 3 Bedrooms | $239.9K | $261K | +8.8% |
| 4 Bedrooms | $328.5K | $345K | +5.0% |
| 5+ Bedrooms | $329.9K | $405K | +22.7% |
Summary: Dover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Dover | $250K | $272K | +8.8% |
| Dover Township | $250.1K | $271.5K | +8.5% |
Housing Supply in Dover, PA
How many homes are available in Dover, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 79 | -16.8% |
Summary: The Dover real estate market had 79 homes for sale in May 2024, a 16.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 54 | 44 | -18.5% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Dover housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Dover in May 2024, down by 30.0% month-over-month. Of the 21 sold homes, 14% were sold under asking, 48% were sold at asking, and 38% were sold over asking.
Days on Market for Dover, PA
How long does it take to sell a home in Dover, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -21.8% |
Summary: Homes in Dover had an average of 27 days on market in May 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dover are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Dover; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
