Is Dallas, 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, Dallas has remained a Seller's Market.
Key Takeaway
Dallas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dallas, NC
How much do homes in Dallas, NC cost?
Median Sold Price
$299,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dallas have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Dallas was $299,000 in May 2024, up 3.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $160K | +122.2% |
| 2 Bedrooms | $175K | $198.5K | +13.4% |
| 3 Bedrooms | $266.2K | $295K | +10.8% |
| 4 Bedrooms | $329K | $339K | +3.0% |
| 5+ Bedrooms | $360K | $350.7K | -2.6% |
Summary: Dallas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.2%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Dallas | $289.9K | $299K | +3.1% |
| Dallas Township | $289.9K | $299K | +3.1% |
| Gastonia Township | $272.5K | $275.2K | +1.0% |
| Gastonia | $286.3K | $278.2K | -2.8% |
Housing Supply in Dallas, NC
How many homes are available in Dallas, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 82 | +5.1% |
Summary: The Dallas real estate market had 82 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 35 | 40 | +14.3% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Dallas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Dallas in May 2024, down by 14.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Dallas, NC
How long does it take to sell a home in Dallas, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 89 Days | +169.9% |
Summary: Homes in Dallas had an average of 89 days on market in May 2024, up by 169.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dallas has remained consistent over time.
Summary: During May 2024, 18 homes were sold in Dallas; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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