Is Dorr, MI 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, Dorr has remained a Seller's Market.
Housing Prices in Dorr, MI
How much do homes in Dorr, MI cost?
Median Sold Price
$334,900
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dorr was $334,900 in May 2024, up 6.4% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $253.4K | $256.5K | +1.2% |
3 Bedrooms | $285K | $305K | +7.0% |
4 Bedrooms | $342.4K | $343K | 0.2% |
5+ Bedrooms | $380K | $497.5K | +30.9% |
Summary: Dorr housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Dorr Township | $310K | $332.9K | +7.4% |
Dorr | $314.6K | $334.9K | +6.4% |
Monterey Township | $290K | $304.5K | +5.0% |
Byron Center | $416.5K | $429.5K | +3.1% |
Salem Township | $329.5K | $333.4K | +1.2% |
Housing Supply in Dorr, MI
How many homes are available in Dorr, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Dorr real estate market had 17 homes for sale in May 2024, a 54.5% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dorr 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 increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Dorr in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Dorr, MI
How long does it take to sell a home in Dorr, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 2 Days | -49.1% |
Summary: Homes in Dorr had an average of 2 days on market in May 2024, down by 49.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Dorr; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.