Is Dallas, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dallas is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Dallas has remained a Seller's Market.

Key Takeaway

Dallas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Dallas, NC

How much do homes in Dallas, NC cost?

Median Sold Price

$299,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,000(+3.1%)

Key Takeaway

Homes in Dallas have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Dallas was $299,000 in March 2024, up 3.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$116K
N/A
2 $184K$186K
+1.1%
3 $270.3K$282.5K
+4.5%
4 $329K$336.8K
+2.4%
5+ $375K$350K
-6.7%

Summary: Dallas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Dallas
+3.1%
Dallas Township
+2.8%
Gastonia Township
-0.3%
Gastonia
-5.0%

Housing Supply in Dallas, NC

How many homes are available in Dallas, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6758-13.4%

Summary: The Dallas real estate market had 58 homes for sale in March 2024, a 13.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1618
+12.5%
3 3329
-12.1%
4 157
-53.3%
5+ 34
+33.3%

Summary: The Dallas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 53.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2110-52.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dallas, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Dallas in March 2024, down by 52.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Dallas, NC

How long does it take to sell a home in Dallas, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days22 Days-65.9%

Summary: Homes in Dallas had an average of 22 days on market in Mar 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dallas are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in Dallas; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Dallas, NC

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