Is Dover Township, 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 Township was a Neutral Market.
Key Takeaway
Dover Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dover Township, PA
How much do homes in Dover Township, PA cost?
Median Sold Price
$269,337
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dover Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Dover Township was $269,337 in March 2024, up 10% 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 | $212K | +13.1% |
| 3 Bedrooms | $235K | $259.9K | +10.6% |
| 4 Bedrooms | $326K | $343K | +5.2% |
| 5+ Bedrooms | $264.9K | $454K | +71.4% |
Summary: Dover Township 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 13.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 71.4%.
Median Sold Price Compared To Nearby Cities
| Conewago Township | $254.9K | $314K | +23.1% |
| Warrington Township | $447.5K | $524.9K | +17.3% |
| Dover | $239.4K | $270K | +12.8% |
| Dover Township | $244.7K | $269.3K | +10.0% |
| West Manchester Township | $226K | $248.7K | +10.0% |
Housing Supply in Dover Township, PA
How many homes are available in Dover Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 110 | +6.8% |
Summary: The Dover Township real estate market had 110 homes for sale in March 2024, a 6.8% 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 | 11 | 9 | -18.2% |
| 3 Bedrooms | 60 | 72 | +20.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Dover Township 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 18.2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover Township, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Dover Township in March 2024, down by 20.0% month-over-month. Of the 24 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Dover Township, PA
How long does it take to sell a home in Dover Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 44 Days | +255.0% |
Summary: Homes in Dover Township had an average of 44 days on market in Mar 2024, up by 255% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dover Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Dover Township; 75% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
