$3,324 Closing Credit*
$279,900
1 Bed
•1 Full Bath, 1 Partial
Listing Office: PUBLIC TRUST REALTY GROUP LLC
Is Dover, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Dover was a Seller's Market.
Key Takeaway
Dover is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dover, NJ
How much do homes in Dover, NJ cost?
Median Sold Price
$435,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$50,000(+13.0%)
Key Takeaway
Homes in Dover have sold for 13% more than they did a year ago.
Summary: The median home sold price in Dover was $435,000 in September 2024, up 13% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $267.5K | +14.3% |
| 2 Bedrooms | $275K | $357K | +29.8% |
| 3 Bedrooms | $380K | $450K | +18.4% |
| 4 Bedrooms | $500K | $511K | +2.2% |
| 5+ Bedrooms | $547.5K | $595K | +8.7% |
Summary: Dover housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Mine Hill | $412.5K | $475.5K | +15.3% |
| Wharton | $412.5K | $470K | +13.9% |
| Dover | $385K | $435K | +13.0% |
| Randolph | $695.2K | $750K | +7.9% |
Housing Supply in Dover, NJ
How many homes are available in Dover, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 37 | -21.3% |
Summary: The Dover real estate market had 37 homes for sale in September 2024, a 21.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 4 | -63.6% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Dover 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 63.6%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 6 | -66.7% |
Asking Price vs. Sold Price
0 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 Dover, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Dover in September 2024, down by 66.7% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Dover, NJ
We’re sorry, we don't have information for this market at the moment
