Every month Todd Waller dives deep into the previous month’s Dexter, Michigan real estate market stats and delivers exciting insights into the status of the Dexter real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!
Dexter’s Real Estate Market
The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.
Average Sales Price
The average sales price for a single family property (house or condo) sold in Dexter in the month of October 2022, was $474,670. Compared to October of 2021, this is down 5.68%. The median sales price also saw a decrease in October. Median sales price fell 5.98% to $423,000, when comparing October 2021 to October 2022.
Days on Market
Properties sold in October of 2022 were on market for an average of 44 days. This is down 3.36% from October 2021.
Properties Sold At or Above List Price
October of 2022 saw 21 homes receiving new owners, which has decreased 40% as October of 2021.
The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In October of 2022, 52.38% of the properties sold at or above list price.
What to do With This Information?
If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.