Is Dry Pond / South Side, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dry Pond / South Side has remained a Seller's Market.
Key Takeaway
Dry Pond / South Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dry Pond / South Side, NC
How much do homes in Dry Pond / South Side, NC cost?
Median Sold Price
$312,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dry Pond / South Side have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Dry Pond / South Side was $312,000 in April 2024, up 24.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | - | N/A |
| 2 Bedrooms | $213.5K | $297.5K | +39.3% |
| 3 Bedrooms | $312.5K | $315K | +0.8% |
| 4 Bedrooms | $300K | $474.5K | +58.2% |
| 5+ Bedrooms | $335K | $633.5K | +89.1% |
Summary: Dry Pond / South Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes increased by 89.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Dry Pond / South Side | $250K | $312K | +24.8% |
| Greenfield | $255K | $295.7K | +16.0% |
| Sunset Park | $280K | $298.5K | +6.6% |
| Old Wilmington | $533K | $466.5K | -12.5% |
Housing Supply in Dry Pond / South Side, NC
How many homes are available in Dry Pond / South Side, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Dry Pond / South Side real estate market had 36 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dry Pond / South Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dry Pond / South Side, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Dry Pond / South Side in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Dry Pond / South Side, NC
How long does it take to sell a home in Dry Pond / South Side, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 124 Days | +405.0% |
Summary: Homes in Dry Pond / South Side had an average of 124 days on market in Apr 2024, up by 405% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dry Pond / South Side are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Dry Pond / South Side; 22% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
