Is Dry Wells Township, 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, Dry Wells Township has remained a Seller's Market.
Housing Prices in Dry Wells Township, NC
How much do homes in Dry Wells Township, NC cost?
Median Sold Price
$305,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dry Wells Township was $305,000 in March 2024, up 1.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $121.2K | -32.6% |
3 Bedrooms | $299.9K | $309.5K | +3.2% |
4 Bedrooms | $369.7K | $309.9K | -16.2% |
5+ Bedrooms | - | - | N/A |
Summary: Dry Wells Township 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 decreased by 32.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ferrells Township | $298.7K | $310K | +3.8% |
Dry Wells Township | $299.9K | $305K | +1.7% |
O'Neals Township | $350K | $344.9K | -1.5% |
Middlesex | $315K | $310K | -1.6% |
Bailey Township | $305.9K | $300K | -1.9% |
Housing Supply in Dry Wells Township, NC
How many homes are available in Dry Wells Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The Dry Wells Township real estate market had 28 homes for sale in March 2024, a 3.7% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dry Wells Township 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Dry Wells Township in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Dry Wells Township, NC
How long does it take to sell a home in Dry Wells Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
165 Days | 98 Days | -40.8% |
Summary: Homes in Dry Wells Township had an average of 98 days on market in Mar 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Dry Wells Township; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.