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FOCUS ON: ANGIER, LILLINGTON, AND DUNN AREA HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 27501, 27546, 28334, 27521, 28323, 28339 and 27506 |
Units Sold
203 |
Active Inventory
652 |
Median Sale Price
$322,158 |
Days On Market
62 |
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Up
Vs. Year Ago |
Up 24%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Down -22%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 203 sold this month in Angier, Lillington, and Dunn Area Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 128 units or 24%. The total number of active inventory this May was 652 compared to 524 in May 2024. This month's total of 652 is higher than the previous month's total supply of available inventory of 576, an increase of 13%.
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Median Sale Price
Last May, the median sale price for Angier, Lillington, and Dunn Area Homes was $324,900. This May, the median sale price was $322,158, a decrease of 1% or $2,742 compared to last year. The current median sold price is 3% higher than in April.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
317 |
Current Contracts
198 |
Sold Vs. List Price
99.3% |
Months of Supply
3.2 |
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Up 59%
Vs. Year Ago |
Up 31%
Vs. Year Ago |
Up 0.9%
Vs. Year Ago |
Down -9%
Vs. Year Ago |
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Months of Supply
In May, there was 3.2 months of supply available in Angier, Lillington, and Dunn Area, compared to 3.5 in May 2024. That is a decrease of 9% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 317 homes newly listed for sale in Angier, Lillington, and Dunn Area compared to 199 in May 2024, an increase of 59%. There were 198 current contracts pending sale this May compared to 151 a year ago. The number of current contracts is 31% higher than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Angier, Lillington, and Dunn Area was 99.3% of the average list price, which is 0.9% higher than at this time last year.
Days on Market
This month, the average number of days on market was 62, lower than the average last year, which was 80, a decrease of 23%.
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Angier, Lillington, and Dunn Area are defined as properties listed in zip code/s 27501, 27546, 28334, 27521, 28323, 28339 and 27506. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc. |