Is Dorr, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$338,750
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Dorr was $338,750 in February 2024, up 9.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $274.9K | $256.5K | -6.7% |
3 Bedrooms | $285K | $315K | +10.5% |
4 Bedrooms | $320K | $345K | +7.8% |
5+ Bedrooms | $399.9K | $468.2K | +17.1% |
Summary: Dorr housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Dorr Township | $289.9K | $336.2K | +16.0% |
Salem Township | $315.7K | $359K | +13.7% |
Dorr | $310K | $338.7K | +9.3% |
Byron Center | $404K | $440.6K | +9.1% |
Housing Supply in Dorr, MI
How many homes are available in Dorr, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Summary: The Dorr real estate market had 8 homes for sale in February 2024, a 11.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Dorr housing inventory by bedroom type for February 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Dorr in February 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 18 Days | +205.6% |
Summary: Homes in Dorr had an average of 18 days on market in Feb 2024, up by 205.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Dorr; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.