Is Dover, PA 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, Dover was a Neutral Market.
Key Takeaway
Dover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover, PA
How much do homes in Dover, PA cost?
Median Sold Price
$270,087
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dover have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Dover was $270,087 in March 2024, up 12.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $146K | -18.0% |
| 2 Bedrooms | $187.4K | $210K | +12.0% |
| 3 Bedrooms | $229.9K | $259.9K | +13.1% |
| 4 Bedrooms | $310K | $343K | +10.6% |
| 5+ Bedrooms | $264.9K | $421.7K | +59.2% |
Summary: Dover housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 59.2%.
Median Sold Price Compared To Nearby Cities
| Dover | $239.4K | $270K | +12.8% |
| Dover Township | $244.7K | $269.3K | +10.0% |
Housing Supply in Dover, PA
How many homes are available in Dover, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 97 | 104 | +7.2% |
Summary: The Dover real estate market had 104 homes for sale in March 2024, a 7.2% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 56 | 68 | +21.4% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Dover 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 decreased by 27.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, expect to pay close to the asking price. 34.8% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Dover in March 2024, down by 20.7% month-over-month. Of the 23 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Dover, PA
How long does it take to sell a home in Dover, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 43 Days | +279.7% |
Summary: Homes in Dover had an average of 43 days on market in Mar 2024, up by 279.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dover are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Dover; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
