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.
Key Takeaway
Dexter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Dexter Township have sold for 10.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Dexter Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Dexter Township are selling fast, if you're buying plan to act quickly.
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.
