Is Dexter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dexter Township has remained a Seller's Market.
Housing Prices in Dexter Township, MI
How much do homes in Dexter Township, MI cost?
Median Sold Price
$496,270
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dexter Township was $496,270 in April 2024, up 10.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $347K | $337.8K | -2.7% |
2 Bedrooms | $310K | $373.2K | +20.4% |
3 Bedrooms | $397.4K | $407K | +2.4% |
4 Bedrooms | $510K | $540K | +5.9% |
5+ Bedrooms | $712.2K | $607.5K | -14.7% |
Summary: Dexter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
Gregory | $269.9K | $315K | +16.7% |
Lyndon Township | $365.5K | $417K | +14.1% |
Dexter Township | $448.7K | $496.2K | +10.6% |
Putnam Township | $307.5K | $340K | +10.6% |
Webster Township | $537.5K | $542.5K | +0.9% |
Housing Supply in Dexter Township, MI
How many homes are available in Dexter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 71 | +31.5% |
Summary: The Dexter Township real estate market had 71 homes for sale in April 2024, a 31.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Dexter Township housing inventory by bedroom type for April 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 22.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Dexter Township in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Dexter Township, MI
How long does it take to sell a home in Dexter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 31 Days | +15.0% |
Summary: Homes in Dexter Township had an average of 31 days on market in Apr 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Dexter Township; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.