Is Dover, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, DE
How much do homes in Dover, DE cost?
Median Sold Price
$308,470
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Dover have sold for 12% more than they did a year ago.
Summary: The median home sold price in Dover was $308,470 in June 2024, up 12% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.3K | $157.1K | -6.1% |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $265K | $295.3K | +11.4% |
| 4 Bedrooms | $335K | $374.4K | +11.8% |
| 5+ Bedrooms | $360K | $428.5K | +19.0% |
Summary: Dover housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Dover | $275.3K | $308.4K | +12.0% |
| Camden Wyoming | $343.5K | $365K | +6.3% |
Housing Supply in Dover, DE
How many homes are available in Dover, DE?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 260 | 243 | -6.5% |
Summary: The Dover real estate market had 243 homes for sale in June 2024, a 6.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 120 | 109 | -9.2% |
| 4 Bedrooms | 99 | 93 | -6.1% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Dover housing inventory by bedroom type for June 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 9.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 77 | 58 | -24.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, expect to pay close to the asking price. 39.7% of homes here sold near the asking price last month.
Summary: A total of 58 homes were sold or pending in Dover in June 2024, down by 24.7% month-over-month. Of the 58 sold homes, 29% were sold under asking, 40% were sold at asking, and 31% were sold over asking.
Days on Market for Dover, DE
How long does it take to sell a home in Dover, DE?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -24.8% |
Summary: Homes in Dover had an average of 17 days on market in Jun 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dover are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 58 homes were sold in Dover; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
