Is Dover, DE 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, 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, DE
How much do homes in Dover, DE cost?
Median Sold Price
$301,588
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dover have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Dover was $301,588 in April 2024, up 9.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.3K | $128.5K | -23.2% |
| 2 Bedrooms | $205K | $206K | 0.5% |
| 3 Bedrooms | $263.9K | $295K | +11.7% |
| 4 Bedrooms | $337.4K | $360K | +6.7% |
| 5+ Bedrooms | $393.5K | $405K | +2.9% |
Summary: Dover housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.2%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Camden Wyoming | $315K | $365K | +15.9% |
| Dover | $274.7K | $301.5K | +9.8% |
Housing Supply in Dover, DE
How many homes are available in Dover, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 228 | 226 | -0.9% |
Summary: The Dover real estate market had 226 homes for sale in April 2024, a 0.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 116 | 112 | -3.4% |
| 4 Bedrooms | 76 | 82 | +7.9% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Dover housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 46 | -13.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dover, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Dover in April 2024, down by 13.2% month-over-month. Of the 46 sold homes, 43% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Dover, DE
How long does it take to sell a home in Dover, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +40.9% |
Summary: Homes in Dover had an average of 33 days on market in Apr 2024, up by 40.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 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 April 2024, 46 homes were sold in Dover; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
