Is Dunn, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dunn is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Dunn was a Neutral Market.

Key Takeaway

Dunn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dunn, NC

How much do homes in Dunn, NC cost?

Median Sold Price

$250,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,000(+11.1%)

Key Takeaway

Homes in Dunn have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Dunn was $250,000 in February 2024, up 11.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $163K$140K
-14.1%
2 $150K$160K
+6.7%
3 $239K$250K
+4.6%
4 $332.9K$329.9K
-0.9%
5+ $355K$404.6K
+14.0%

Summary: Dunn housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Cities

Plain View Township
+15.2%
Averasboro Township
+12.0%
Dunn
+11.1%
Dunn
+11.1%
Duke Township
+10.9%

Housing Supply in Dunn, NC

How many homes are available in Dunn, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
10299-2.9%

Summary: The Dunn real estate market had 99 homes for sale in February 2024, a 2.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1815
-16.7%
3 5659
+5.4%
4 2219
-13.6%
5+ 55
0.0%

Summary: The Dunn housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dunn, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Dunn in February 2024, down by 13.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% 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

Feb 2023Feb 2024CHANGE
87 Days87 Days-0.8%

Summary: Homes in Dunn had an average of 87 days on market in Feb 2024, down by 0.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Dunn are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 13 homes were sold in Dunn; 38% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 46% 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 18 Days Ago

Newest Listings in Dunn, NC

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