Is Dundee, 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, Dundee has remained a Seller's Market.
Housing Prices in Dundee, MI
How much do homes in Dundee, MI cost?
Median Sold Price
$285,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dundee was $285,000 in April 2024, down 5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $148.5K | $175K | +17.8% |
3 Bedrooms | $286.5K | $292.5K | +2.1% |
4 Bedrooms | $367.9K | $350K | -4.9% |
5+ Bedrooms | $354K | $341.7K | -3.5% |
Summary: Dundee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Milan Township | $259.9K | $295K | +13.5% |
London Township | $235K | $259.5K | +10.4% |
Dundee Township | $299.5K | $287.5K | -4.0% |
Dundee | $300K | $285K | -5.0% |
Housing Supply in Dundee, MI
How many homes are available in Dundee, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 32 | +6.7% |
Summary: The Dundee real estate market had 32 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Dundee 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 decreased by 20%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Dundee in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Dundee, MI
How long does it take to sell a home in Dundee, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 69 Days | +210.6% |
Summary: Homes in Dundee had an average of 69 days on market in Apr 2024, up by 210.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Dundee; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.