Is Dorr, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dorr is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$28,750(+9.3%)

Key Takeaway

Homes in Dorr have sold for 9.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $274.9K$256.5K
-6.7%
3 $285K$315K
+10.5%
4 $320K$345K
+7.8%
5+ $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
+16.0%
Salem Township
+13.7%
Dorr
+9.3%
Byron Center
+9.1%

Housing Supply in Dorr, MI

How many homes are available in Dorr, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98-11.1%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 63
-50.0%
4 12
+100.0%
5+ 12
+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 2024Feb 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dorr, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
6 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Dorr, MI

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