Is Dexter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$490,250
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dexter Township have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Dexter Township was $490,250 in March 2024, up 9.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347K | $349.5K | +0.7% |
| 2 Bedrooms | $335K | $315K | -6.0% |
| 3 Bedrooms | $399.9K | $407K | +1.8% |
| 4 Bedrooms | $510K | $530K | +3.9% |
| 5+ Bedrooms | $712.2K | $620K | -13.0% |
Summary: Dexter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
| Gregory | $269.9K | $310K | +14.8% |
| Putnam Township | $310K | $340K | +9.7% |
| Dexter Township | $448.5K | $490.2K | +9.3% |
| Webster Township | $543K | $532K | -2.0% |
Housing Supply in Dexter Township, MI
How many homes are available in Dexter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 56 | -12.5% |
Summary: The Dexter Township real estate market had 56 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 37 | 28 | -24.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Dexter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dexter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Dexter Township in March 2024, down by 44.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 25 Days | -70.2% |
Summary: Homes in Dexter Township had an average of 25 days on market in Mar 2024, down by 70.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dexter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Dexter Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
