Is Dry Wells Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Dry Wells Township has remained a Seller's Market.
Key Takeaway
Dry Wells Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dry Wells Township, NC
How much do homes in Dry Wells Township, NC cost?
Median Sold Price
$317,687
$182/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Dry Wells Township have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Dry Wells Township was $317,687 in May 2024, up 11.5% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $95K | N/A |
| 3 Bedrooms | $275K | $326.4K | +18.7% |
| 4 Bedrooms | $1.2M | $317.4K | -73.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Dry Wells Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.7%, 4 bedroom homes decreased by 73.5%, and 5+ bedroom homes did not change.
Housing Supply in Dry Wells Township, NC
How many homes are available in Dry Wells Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Dry Wells Township real estate market had 20 homes for sale in May 2024, a 9.1% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dry Wells Township 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 increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dry Wells Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Dry Wells Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Dry Wells Township, NC
How long does it take to sell a home in Dry Wells Township, NC?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 26 Days | -55.8% |
Summary: Homes in Dry Wells Township had an average of 26 days on market in May 2024, down by 55.8% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dry Wells Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Dry Wells Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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