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Featured local agent — Dover, NJ
Sarah Mitchell
Compass Real Estate · Dover, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Dover, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$482,000median sale price
How is the Dover, NJ housing market right now?
The median home sale price in Dover, NJ is $482,000, down 4.5% year-over-year. Homes sell in an average of 37 days with 19 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Dover a buyer's or seller's market?
Dover, NJ is currently a seller's market, based on 1.7 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
37
Average pace
Active listings
19
1.7 months supply
Sale-to-list
97.9%
Below asking
What does the Dover housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $482,000 |
| Median list price | $575,000 |
| Year-over-year price change | -4.5% |
| Average days on market | 37 days |
| Active inventory | 19 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 97.9% |
| Median price per sq ft | $339/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 13 |
| Listings with a price cut | 21.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Dover by property type?
How the Dover, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $482,000 | $341/sq ft | 7 | 25 days |
| Condo / Co-op | $190,500 | — | 2 | 32 days |
Source: Redfin · Updated monthly
The Dover housing market is currently classified as a seller's market with a median sale price of $482,000. Prices have fallen 4.5% compared to last year, with homes spending an average of 37 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.4x provides context for how home values compare to local earning capacity.
Homes for sale in Dover
There are currently 19 homes listed for sale in Dover, New Jersey. The median listing price is $575K.
Active listings
19
Homes on market
Median list price
$575K
Avg. days on market
37
Days until sale
New this week
13
Newly listed
Who lives in Dover?
Population
18,420
Median income
$70,519/yr
Median age
41 years
Owner-occupied
44.1%
College grads
17.2%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Dover?
Zillow home value
$522,244
Zillow rent index
$2,396/mo
Price-to-rent ratio
18.2x
Price-to-income
7.4x
Source: Zillow Research
What is it like to live in Dover?
Dover is a community of approximately 18K residents with a median age of 41 years.The median household income is $70,519, which represents a working-class community with solid middle-income opportunities. 17.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 44.1%, showing a blend of owner and renter-occupied properties. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Dover offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Dover?
7 schools tracked · 3,851 students
The largest public schools serving Dover, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Dover High School
Grades 9-12 · 1,176 students
North Dover Elementary School
Grades PK-6 · 612 students
Academy Street Elementary School
Grades PK-6 · 548 students
Dover Middle School
Grades 7-8 · 483 students
East Dover Elementary School
Grades PK-6 · 443 students
Dennis B O'Brien Elementary School
Grades PK-5 · 295 students
Birchwood Elementary School
Grades PK-5 · 294 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Dover, NJ?
Want a head-to-head view? Compare Dover side-by-side with any other U.S. city using our market-comparison tool.
Is Dover a good real estate investment market?
For investors evaluating Dover, the price-to-rent ratio of 18.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Dover's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Dover's median home price.
Frequently asked questions
What is the average home price in Dover?
The median home sale price in Dover is $482,000, down 4.5% from last year.
How long do homes stay on market in Dover?
Homes typically spend 37 days on market before going under contract.
What is the median income in Dover?
The median household income is $70,519 per year.
Is Dover a buyer's or seller's market?
With 1.7 months of supply, Dover is currently a seller's market.
What is the Zillow home value estimate for Dover?
The Zillow Home Value Index (ZHVI) for Dover is $522,244, representing the typical home value in the area.
What is the median condo price in Dover?
The median condo/co-op sale price in Dover, NJ is $190,500, compared to $482,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Dover?
The median single-family home price in Dover, NJ is $482,000 (about $341 per square foot).
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