Is Dry Pond / South Side, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dry Pond / South Side was a Seller's Market.
Key Takeaway
Dry Pond / South Side 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 Dry Pond / South Side, NC
How much do homes in Dry Pond / South Side, NC cost?
Median Sold Price
$310,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dry Pond / South Side have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Dry Pond / South Side was $310,000 in May 2024, up 21.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | - | N/A |
| 2 Bedrooms | $216K | $285K | +31.9% |
| 3 Bedrooms | $312.5K | $315K | +0.8% |
| 4 Bedrooms | $310.9K | $400K | +28.6% |
| 5+ Bedrooms | $335K | $633.5K | +89.1% |
Summary: Dry Pond / South Side 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 increased by 31.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 89.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Dry Pond / South Side | $255K | $310K | +21.6% |
| Sunset Park | $280K | $299K | +6.8% |
| Greenfield | $255K | $252K | -1.2% |
| Old Wilmington | $540K | $466.5K | -13.6% |
Housing Supply in Dry Pond / South Side, NC
How many homes are available in Dry Pond / South Side, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Dry Pond / South Side real estate market had 37 homes for sale in May 2024, a 8.8% 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 | 15 | 13 | -13.3% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Dry Pond / South Side 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 13.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dry Pond / South Side, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Dry Pond / South Side in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Dry Pond / South Side, NC
How long does it take to sell a home in Dry Pond / South Side, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 66 Days | +220.4% |
Summary: Homes in Dry Pond / South Side had an average of 66 days on market in May 2024, up by 220.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dry Pond / South Side are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Dry Pond / South Side; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
