$5,284 Closing Credit*
$445,000
2,851 SqFt
3 Beds
•2 Full Baths
Michael Luce, Listing Office: KW Realty Livingston
Is Dexter, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Dexter has remained a Seller's Market.
Key Takeaway
Dexter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dexter, MI
How much do homes in Dexter, MI cost?
Median Sold Price
$496,495
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,650(+2.8%)
Key Takeaway
Homes in Dexter have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Dexter was $496,495 in September 2024, up 2.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352K | $337.8K | -4.0% |
| 2 Bedrooms | $388.7K | $245K | -37.0% |
| 3 Bedrooms | $419K | $435.7K | +4.0% |
| 4 Bedrooms | $510K | $513K | +0.6% |
| 5+ Bedrooms | $551.5K | $669.4K | +21.4% |
Summary: Dexter housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 37%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Webster Township | $516.5K | $545K | +5.5% |
| Dexter | $482.8K | $496.4K | +2.8% |
| Scio Township | $540K | $537.5K | -0.5% |
Housing Supply in Dexter, MI
How many homes are available in Dexter, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Summary: The Dexter real estate market had 61 homes for sale in September 2024, a 5.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Dexter housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dexter, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Dexter in September 2024, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 24% were sold at asking, and 53% were sold over asking.
Days on Market for Dexter, MI
How long does it take to sell a home in Dexter, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 70 Days | 23 Days | -67.1% |
Summary: Homes in Dexter had an average of 23 days on market in Sep 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dexter are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Dexter; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.