Is Dundee, 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, Dundee has remained a Seller's Market.
Key Takeaway
Dundee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dundee, MI
How much do homes in Dundee, MI cost?
Median Sold Price
$280,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dundee have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Dundee was $280,000 in May 2024, down 6.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $150K | $175K | +16.7% |
| 3 Bedrooms | $288K | $295K | +2.4% |
| 4 Bedrooms | $365K | $377.5K | +3.4% |
| 5+ Bedrooms | $354K | $316K | -10.7% |
Summary: Dundee 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 increased by 16.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Milan Township | $259.9K | $295K | +13.5% |
| Dundee Township | $297K | $280K | -5.7% |
| Dundee | $299.5K | $280K | -6.5% |
Housing Supply in Dundee, MI
How many homes are available in Dundee, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The Dundee real estate market had 32 homes for sale in May 2024, a 13.5% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dundee 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dundee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Dundee in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 64 Days | +9.7% |
Summary: Homes in Dundee had an average of 64 days on market in May 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
7 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 Dundee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Dundee; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.