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 June 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

$305,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$17,500(+6.1%)

Key Takeaway

Homes in Dallas have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Dallas was $305,000 in June 2024, up 6.1% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $72K$112.5K
+56.3%
2 $175K$200K
+14.3%
3 $270K$300K
+11.1%
4 $329K$339K
+3.0%
5+ $364.5K$350.3K
-3.9%

Summary: Dallas housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Dallas
+6.1%
Dallas Township
+5.2%
Gastonia Township
+3.3%
Gastonia
-1.9%

Housing Supply in Dallas, NC

How many homes are available in Dallas, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8385+2.4%

Summary: The Dallas real estate market had 85 homes for sale in June 2024, a 2.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 119
-18.2%
3 3743
+16.2%
4 1920
+5.3%
5+ 1612
-25.0%

Summary: The Dallas housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Dallas in June 2024, down by 15.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% 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

Jun 2023Jun 2024CHANGE
19 Days10 Days-46.3%

Summary: Homes in Dallas had an average of 10 days on market in Jun 2024, down by 46.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was 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 June 2024, 17 homes were sold in Dallas; 94% of homes were sold within 30 days, 6% 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 26 Days Ago

Newest Listings in Dallas, NC

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