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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dunn is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Dunn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Dunn, NC

How much do homes in Dunn, NC cost?

Median Sold Price

$265,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+2.3%)

Key Takeaway

Homes in Dunn have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Dunn was $265,000 in November 2024, up 2.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $310K$90K
-71.0%
2 $160K$155K
-3.1%
3 $250K$267.9K
+7.2%
4 $324.2K$319.4K
-1.5%
5+ $305.3K$517.5K
+69.5%

Summary: Dunn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 69.5%.

Median Sold Price Compared To Nearby Cities

Duke Township
+10.6%
Dunn
+2.3%
Dunn
+1.5%
Averasboro Township
-4.5%

Housing Supply in Dunn, NC

How many homes are available in Dunn, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
121118-2.5%

Summary: The Dunn real estate market had 118 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 8480
-4.8%
4 2021
+5.0%
5+ 33
0.0%

Summary: The Dunn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Dunn in November 2024, down by 18.2% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% 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

Nov 2023Nov 2024CHANGE
54 Days90 Days+65.5%

Summary: Homes in Dunn had an average of 90 days on market in Nov 2024, up by 65.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were 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 November 2024, 18 homes were sold in Dunn; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Dunn, NC

Nearby Markets to Dunn, NC

What housing markets are near Dunn, NC?