Is Dundee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Dundee was a Seller's Market.
Housing Prices in Dundee, MI
How much do homes in Dundee, MI cost?
Median Sold Price
$295,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dundee was $295,500 in March 2024, up 0.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $148.5K | $175K | +17.8% |
3 Bedrooms | $285K | $296K | +3.9% |
4 Bedrooms | $357K | $360K | +0.8% |
5+ Bedrooms | $354K | $341.7K | -3.5% |
Summary: Dundee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Milan Township | $261.4K | $299.4K | +14.6% |
Dundee Township | $293K | $295.5K | +0.9% |
Dundee | $293.7K | $295.5K | +0.6% |
Housing Supply in Dundee, MI
How many homes are available in Dundee, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 31 | +34.8% |
Summary: The Dundee real estate market had 31 homes for sale in March 2024, a 34.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dundee 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 increased by 66.7%, 3 bedroom homes increased by 46.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Dundee in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Dundee, MI
How long does it take to sell a home in Dundee, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 83 Days | +22.8% |
Summary: Homes in Dundee had an average of 83 days on market in Mar 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Dundee; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.