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 September 2022, was $509,735. Compared to September of 2021, this is up 22.88%. The median sales price also saw a jump in September. Median sales price rose 31.95% to $477,000, when comparing September 2021 to September 2022.
Days on Market
Properties sold in September of 2022 were on market for an average of 36 days. This is up 55.11% from September 2021.
Properties Sold At or Above List Price
September of 2022 saw 36 homes receiving new owners, which has increased 29.17% as September 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 September of 2022, 54.84% of the properties sold at or above list price. This is up 30.8%.
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.