Is Dover, OH 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, OH
How much do homes in Dover, OH cost?
Median Sold Price
$209,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dover have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Dover was $209,000 in May 2024, up 3.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $177.5K | $165K | -7.0% |
| 3 Bedrooms | $201.5K | $203.8K | +1.1% |
| 4 Bedrooms | $220K | $237.9K | +8.2% |
| 5+ Bedrooms | $258.5K | $350K | +35.4% |
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 7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
| New Philadelphia | $176K | $198.3K | +12.7% |
| Dover | $201.5K | $209K | +3.7% |
| Dover Township | $203.9K | $209K | +2.5% |
Housing Supply in Dover, OH
How many homes are available in Dover, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 50 | -3.8% |
Summary: The Dover real estate market had 50 homes for sale in May 2024, a 3.8% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
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 decreased by 20%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Dover in May 2024, down by 10.5% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Dover, OH
How long does it take to sell a home in Dover, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 44 Days | +5.7% |
Summary: Homes in Dover had an average of 44 days on market in May 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dover has remained consistent over time.
Summary: During May 2024, 17 homes were sold in Dover; 35% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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