Is Dexter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dexter Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Dexter Township has remained a Seller's Market.

Key Takeaway

Dexter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dexter Township, MI

How much do homes in Dexter Township, MI cost?

Median Sold Price

$495,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,005(+4.0%)

Key Takeaway

Homes in Dexter Township have sold for 4% more than they did a year ago.

Summary: The median home sold price in Dexter Township was $495,000 in September 2024, up 4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $352K$337.8K
-4.0%
2 $350K$276.9K
-20.9%
3 $410K$425K
+3.7%
4 $510.7K$515.1K
+0.9%
5+ $551.5K$652.2K
+18.3%

Summary: Dexter Township 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 20.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 18.3%.

Median Sold Price Compared To Nearby Cities

Lyndon Township
+39.2%
Gregory
+13.2%
Webster Township
+5.5%
Dexter Township
+4.0%
Putnam Township
+2.9%

Housing Supply in Dexter Township, MI

How many homes are available in Dexter Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7076+8.6%

Summary: The Dexter Township real estate market had 76 homes for sale in September 2024, a 8.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 99
0.0%
3 1925
+31.6%
4 3534
-2.9%
5+ 78
+14.3%

Summary: The Dexter Township 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 remained the same, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dexter Township, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Dexter Township in September 2024, up by 5.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 24% were sold at asking, and 48% were sold over asking.

Days on Market for Dexter Township, MI

How long does it take to sell a home in Dexter Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
64 Days21 Days-67.6%

Summary: Homes in Dexter Township had an average of 21 days on market in Sep 2024, down by 67.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dexter Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in Dexter Township; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Dexter Township, MI

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