Is Dover, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, MA
How much do homes in Dover, MA cost?
Median Sold Price
$1,800,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dover have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Dover was $1,800,000 in May 2024, up 5.9% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $725K | -38.0% |
| 3 Bedrooms | $980K | $1.1M | +15.0% |
| 4 Bedrooms | $1.5M | $1.4M | -5.9% |
| 5+ Bedrooms | $2.5M | $2.5M | -1.7% |
Summary: Dover housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in Dover, MA
How many homes are available in Dover, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Summary: The Dover real estate market had 26 homes for sale in May 2024, a 36.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Dover housing inventory by bedroom type for May 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 150%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Dover in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Dover, MA
How long does it take to sell a home in Dover, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 25 Days | -50.3% |
Summary: Homes in Dover had an average of 25 days on market in May 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 7 homes were sold in Dover; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
