Is Dunn, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dunn was a Seller's Market.
Key Takeaway
Dunn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dunn, NC
How much do homes in Dunn, NC cost?
Median Sold Price
$255,900
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dunn have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Dunn was $255,900 in May 2024, up 8.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $140K | -14.1% |
| 2 Bedrooms | $159.9K | $155.5K | -2.8% |
| 3 Bedrooms | $240K | $257.5K | +7.3% |
| 4 Bedrooms | $330K | $332K | +0.6% |
| 5+ Bedrooms | $545K | $490K | -10.1% |
Summary: Dunn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Averasboro Township | $210K | $240K | +14.3% |
| Duke Township | $195K | $220K | +12.8% |
| Dunn | $235K | $255.6K | +8.8% |
| Dunn | $236.6K | $255.9K | +8.1% |
| Erwin | $228.4K | $240K | +5.1% |
Housing Supply in Dunn, NC
How many homes are available in Dunn, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 110 | -2.7% |
Summary: The Dunn real estate market had 110 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 72 | 67 | -6.9% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Dunn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunn, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Dunn in May 2024, down by 10.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Dunn, NC
How long does it take to sell a home in Dunn, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 105 Days | 33 Days | -67.8% |
Summary: Homes in Dunn had an average of 33 days on market in May 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dunn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Dunn; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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