$2,256 Closing Credit*
$190,000
1,172 SqFt
2 Beds
•2 Full Baths
Jessica Steele, Listing Office: Berkshire Hathaway HomeServices MI
Is Dowagiac, 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, Dowagiac has remained a Seller's Market.
Key Takeaway
Dowagiac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dowagiac, MI
How much do homes in Dowagiac, MI cost?
Median Sold Price
$180,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,500(+7.5%)
Key Takeaway
Homes in Dowagiac have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Dowagiac was $180,000 in September 2024, up 7.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $100K | -55.6% |
| 2 Bedrooms | $123.7K | $126.2K | +2.0% |
| 3 Bedrooms | $183K | $199K | +8.7% |
| 4 Bedrooms | $250K | $206K | -17.6% |
| 5+ Bedrooms | $265K | $482.2K | +82.0% |
Summary: Dowagiac housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 82%.
Median Sold Price Compared To Nearby Cities
| LaGrange Township | $195.5K | $233K | +19.2% |
| Wayne Township | $150K | $175K | +16.7% |
| Pokagon Township | $203K | $232.5K | +14.5% |
| Dowagiac | $167.5K | $180K | +7.5% |
Housing Supply in Dowagiac, MI
How many homes are available in Dowagiac, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 85 | 87 | +2.4% |
Summary: The Dowagiac real estate market had 87 homes for sale in September 2024, a 2.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Dowagiac 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 decreased by 18.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dowagiac, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Dowagiac in September 2024, down by 11.8% month-over-month. Of the 15 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Dowagiac, MI
How long does it take to sell a home in Dowagiac, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 63 Days | 44 Days | -30.2% |
Summary: Homes in Dowagiac had an average of 44 days on market in Sep 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dowagiac are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 15 homes were sold in Dowagiac; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
