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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dover is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Dover has remained a Seller's Market.

Key Takeaway

Dover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dover, TN

How much do homes in Dover, TN cost?

Median Sold Price

$247,250

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$8,750(-3.4%)

Key Takeaway

Homes in Dover have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Dover was $247,250 in February 2024, down 3.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K-
N/A
2 $100K$170K
+70.0%
3 $256K$282.9K
+10.5%
4 $409K$425K
+3.9%
5+ $380K$361K
-5.0%

Summary: Dover housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 5%.

Housing Supply in Dover, TN

How many homes are available in Dover, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2429+20.8%

Summary: The Dover real estate market had 29 homes for sale in February 2024, a 20.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1315
+15.4%
4 68
+33.3%
5+ 01
+100.0%

Summary: The Dover housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dover, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Dover in February 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Dover, TN

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

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days9 Days-85.6%

Summary: Homes in Dover had an average of 9 days on market in Feb 2024, down by 85.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dover are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Dover; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Dover, TN

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