Is Dowagiac, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Dowagiac was a Seller's Market.
Housing Prices in Dowagiac, MI
How much do homes in Dowagiac, MI cost?
Median Sold Price
$180,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dowagiac was $180,000 in April 2024, up 27.2% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.5K | $225K | +130.8% |
2 Bedrooms | $119.9K | $125K | +4.3% |
3 Bedrooms | $152.7K | $195K | +27.7% |
4 Bedrooms | $169.7K | $250K | +47.2% |
5+ Bedrooms | $237.8K | $270K | +13.5% |
Summary: Dowagiac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 47.2%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
Dowagiac | $141.5K | $180K | +27.2% |
Wayne Township | $155.5K | $162.2K | +4.3% |
Silver Creek Township | $329K | $326K | -0.9% |
LaGrange Township | $205.4K | $198.5K | -3.4% |
Housing Supply in Dowagiac, MI
How many homes are available in Dowagiac, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 65 | +12.1% |
Summary: The Dowagiac real estate market had 65 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Dowagiac 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 remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Dowagiac in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Dowagiac, MI
How long does it take to sell a home in Dowagiac, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 66 Days | +453.7% |
Summary: Homes in Dowagiac had an average of 66 days on market in Apr 2024, up by 453.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Dowagiac; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.