Is Dallas, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $116K | N/A |
| 2 Bedrooms | $184K | $186K | +1.1% |
| 3 Bedrooms | $270.3K | $282.5K | +4.5% |
| 4 Bedrooms | $329K | $336.8K | +2.4% |
| 5+ Bedrooms | $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 | $290K | $299K | +3.1% |
| Dallas Township | $290.9K | $299K | +2.8% |
| Gastonia Township | $274.5K | $273.7K | -0.3% |
| Gastonia | $290.3K | $275.8K | -5.0% |
Housing Supply in Dallas, NC
How many homes are available in Dallas, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 58 | -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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 15 | 7 | -53.3% |
| 5+ Bedrooms | 3 | 4 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 10 | -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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 22 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
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.
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