Is Dexter Township, MI 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, 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
$495,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dexter Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Dexter Township was $495,000 in May 2024, up 10% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347K | $337.8K | -2.7% |
| 2 Bedrooms | $315K | $373.2K | +18.5% |
| 3 Bedrooms | $397.4K | $407K | +2.4% |
| 4 Bedrooms | $510K | $530K | +3.9% |
| 5+ Bedrooms | $700K | $607.5K | -13.2% |
Summary: Dexter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Gregory | $267.4K | $323.5K | +20.9% |
| Lyndon Township | $380K | $425K | +11.8% |
| Dexter Township | $450K | $495K | +10.0% |
| Putnam Township | $316K | $339.9K | +7.6% |
| Webster Township | $531K | $542.5K | +2.2% |
Housing Supply in Dexter Township, MI
How many homes are available in Dexter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 90 | +36.4% |
Summary: The Dexter Township real estate market had 90 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 23 | 37 | +60.9% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Dexter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 60.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dexter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Dexter Township in May 2024, up by 46.7% month-over-month. Of the 22 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 39 Days | -43.0% |
Summary: Homes in Dexter Township had an average of 39 days on market in May 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dexter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Dexter Township; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
