Is Dunn, 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, Dunn has remained a Seller's Market.
Key Takeaway
Dunn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunn, NC
How much do homes in Dunn, NC cost?
Median Sold Price
$255,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dunn have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Dunn was $255,000 in April 2024, up 12.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $140K | -14.1% |
| 2 Bedrooms | $155.5K | $157.7K | +1.4% |
| 3 Bedrooms | $240K | $255K | +6.3% |
| 4 Bedrooms | $332.9K | $332K | -0.3% |
| 5+ Bedrooms | $550K | $495K | -10.0% |
Summary: Dunn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Dunn | $225.3K | $254.9K | +13.2% |
| Dunn | $225.9K | $255K | +12.9% |
| Duke Township | $195K | $217K | +11.3% |
| Averasboro Township | $213.4K | $235K | +10.1% |
| Erwin | $236K | $239.4K | +1.5% |
Housing Supply in Dunn, NC
How many homes are available in Dunn, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 109 | 103 | -5.5% |
Summary: The Dunn real estate market had 103 homes for sale in April 2024, a 5.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 66 | 63 | -4.5% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Dunn 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 10.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 19 | -38.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunn, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Dunn in April 2024, down by 38.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Dunn, NC
How long does it take to sell a home in Dunn, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 43 Days | -46.6% |
Summary: Homes in Dunn had an average of 43 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dunn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Dunn; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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