Is Dover, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dover is a neutral'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, NY

How much do homes in Dover, NY cost?

Median Sold Price

$410,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$60,000(+17.1%)

Key Takeaway

Homes in Dover have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Dover was $410,000 in September 2024, up 17.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$35K
N/A
2 $177.5K$305K
+71.8%
3 $385K$415K
+7.8%
4 $325K$427.5K
+31.5%
5+ $365K-
N/A

Summary: Dover housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dover
+17.1%
Wingdale
+17.0%
Dover Plains
+1.4%
Kent
-11.1%

Housing Supply in Dover, NY

How many homes are available in Dover, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3439+14.7%

Summary: The Dover real estate market had 39 homes for sale in September 2024, a 14.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 48
+100.0%
3 1820
+11.1%
4 85
-37.5%
5+ 46
+50.0%

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 increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dover, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Dover in September 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Dover, NY

How long does it take to sell a home in Dover, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
67 Days53 Days-21.8%

Summary: Homes in Dover had an average of 53 days on market in Sep 2024, down by 21.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dover has remained consistent over time.

Summary: During September 2024, 6 homes were sold in Dover; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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 12 Days Ago

Newest Listings in Dover, NY

Nearby Markets to Dover, NY

What housing markets are near Dover, NY?