Is Dover Township, 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 Township has remained a Seller's Market.
Key Takeaway
Dover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover Township, PA
How much do homes in Dover Township, PA cost?
Median Sold Price
$271,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dover Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Dover Township was $271,500 in May 2024, up 8.5% 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 | $210K | +10.5% |
| 3 Bedrooms | $238K | $260K | +9.2% |
| 4 Bedrooms | $329.5K | $345K | +4.7% |
| 5+ Bedrooms | $304.2K | $415K | +36.4% |
Summary: Dover Township 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 9.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $259.9K | $300K | +15.4% |
| Warrington Township | $465K | $523K | +12.5% |
| Dover | $250K | $272K | +8.8% |
| West Manchester Township | $230K | $250.2K | +8.8% |
| Dover Township | $250.1K | $271.5K | +8.5% |
Housing Supply in Dover Township, PA
How many homes are available in Dover Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 83 | -15.3% |
Summary: The Dover Township real estate market had 83 homes for sale in May 2024, a 15.3% 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 | 15 | 13 | -13.3% |
| 3 Bedrooms | 55 | 46 | -16.4% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Dover Township 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 13.3%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Dover Township in May 2024, down by 29.0% month-over-month. Of the 22 sold homes, 14% were sold under asking, 45% were sold at asking, and 41% were sold over asking.
Days on Market for Dover Township, PA
How long does it take to sell a home in Dover Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -19.8% |
Summary: Homes in Dover Township had an average of 26 days on market in May 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
20 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Dover Township; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
