Real Estate Market Update for Dover, NJ
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 35% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold increased 50% year-over-year, and decreased 14% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Dover, NJ
Area Information for Dover, NJ
  • Population: 18,314
  • Median Age: 34.37 yr
  • Median Commute Time: 19.07 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 6,824/sq mi
  • Population Change Since 2000: .1%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbinical College Of America
  • Closest Jr. College: County College Of Morris
  • Median Household Income: $60,049
  • Annual Residential Turnover: 12.91%
  • Median Years in Residence: 2.86 yr
  • Median Home Sales Price: $185,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Dover, NJ
Median Age: 34.37 Married: 24% Number of Households: 5,646 Households with Children: 2,120
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Dover, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      North Dover Elementary School 0.8 mi Public PRESCHOOL-6 4 2
      Dover High School 0.9 mi Public 9-12 3-5 3
      Sacred Heart Elementary School 0.9 mi Catholic PRESCHOOL-8 0 0
      Academy Street Elementary School 0.9 mi Public PRESCHOOL-6 3-5 5
      East Dover Elementary School 1.4 mi Public K-6 3-5 0
      Dover Middle School 1.4 mi Public 7-8 2-5 3
      Abc Growing Tree 1.5 mi Private PRESCHOOL-K 0 0
      Fernbrook Elementary School 1.7 mi Public K-5 3-5 5
      Canfield Avenue Elementary School 1.7 mi Public PRESCHOOL-6 3-5 4
      Birchwood Elementary School 2.0 mi Public K-5 4 5
      Dennis B. O'brien Elementary School 2.0 mi Public PRESCHOOL-5 3-5 3
      Hebrew Academy Of Morris County 2.7 mi Private PRESCHOOL-8 0 5
      Apple Montessori School 2.9 mi Private PRESCHOOL-K 0 0
      Randolph Middle School 2.9 mi Public 6-8 4-5 4
      Randolph High School 3.0 mi Public 9-12 4 4
      Center Grove Elementary School 3.1 mi Public PRESCHOOL-5 4 4
      Academy Preschool/kindergarten 3.3 mi Private PRESCHOOL-1 0 0
      The Goddard School Of Randolph 3.3 mi Private PRESCHOOL-K 0 0
      Ironia Elementary School 4.2 mi Public K-5 4 4
      Shongum Elementary School 4.3 mi Public K-5 4 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Dover, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.