Is Denton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Denton has remained a Seller's Market.
Key Takeaway
Denton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denton, NC
How much do homes in Denton, NC cost?
Median Sold Price
$249,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Denton have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Denton was $249,000 in May 2024, up 3.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $217.4K | $175K | -19.5% |
| 3 Bedrooms | $245K | $249K | +1.6% |
| 4 Bedrooms | $262.9K | $295K | +12.2% |
| 5+ Bedrooms | $775K | - | N/A |
Summary: Denton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Emmons Township | $200K | $221.3K | +10.7% |
| Denton | $240K | $249K | +3.8% |
| Healing Spring Township | $512.5K | $420K | -18.0% |
Housing Supply in Denton, NC
How many homes are available in Denton, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Denton real estate market had 56 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Denton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 18 | +157.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denton, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Denton in May 2024, up by 157.1% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for Denton, NC
How long does it take to sell a home in Denton, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 63 Days | +5.9% |
Summary: Homes in Denton had an average of 63 days on market in May 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Denton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Denton; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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