Is Dexter, 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 has remained a Seller's Market.
Key Takeaway
Dexter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dexter, MI
How much do homes in Dexter, MI cost?
Median Sold Price
$501,620
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dexter have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Dexter was $501,620 in April 2024, up 11.5% 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 | $349.5K | +0.7% |
| 2 Bedrooms | $300K | $311.9K | +4.0% |
| 3 Bedrooms | $390.7K | $435.7K | +11.5% |
| 4 Bedrooms | $510K | $537.5K | +5.4% |
| 5+ Bedrooms | $712.2K | $620K | -13.0% |
Summary: Dexter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
| Dexter | $450K | $501.6K | +11.5% |
| Scio Township | $498.4K | $535K | +7.3% |
| Webster Township | $537.5K | $542.5K | +0.9% |
Housing Supply in Dexter, MI
How many homes are available in Dexter, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 62 | +26.5% |
Summary: The Dexter real estate market had 62 homes for sale in April 2024, a 26.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Dexter 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 14.3%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dexter, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Dexter in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Dexter, MI
How long does it take to sell a home in Dexter, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +48.2% |
Summary: Homes in Dexter had an average of 36 days on market in Apr 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dexter are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Dexter; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.