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 September 2023

At the same time last year, Dunn was a Seller's 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

$259,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,033(+7.9%)

Key Takeaway

Homes in Dunn have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Dunn was $259,000 in September 2024, up 7.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $163K$90K
-44.8%
2 $159.9K$170K
+6.3%
3 $239.9K$265K
+10.5%
4 $329.9K$322.9K
-2.1%
5+ $313.3K$517.5K
+65.2%

Summary: Dunn housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 65.2%.

Median Sold Price Compared To Nearby Cities

Duke Township
+18.3%
Dunn
+8.8%
Dunn
+7.9%
Averasboro Township
+6.8%

Housing Supply in Dunn, NC

How many homes are available in Dunn, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
109111+1.8%

Summary: The Dunn real estate market had 111 homes for sale in September 2024, a 1.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 8381
-2.4%
4 1318
+38.5%
5+ 31
-66.7%

Summary: The Dunn housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dunn, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Dunn in September 2024, down by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
78 Days38 Days-50.6%

Summary: Homes in Dunn had an average of 38 days on market in Sep 2024, down by 50.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dunn has remained consistent over time.

Summary: During September 2024, 12 homes were sold in Dunn; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

Newest Listings in Dunn, NC

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