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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catawba is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Catawba was a Buyer's Market.

Key Takeaway

Catawba 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 Catawba, NC

How much do homes in Catawba, NC cost?

Median Sold Price

$319,999

$158/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$17,500(-5.2%)

Key Takeaway

Homes in Catawba have sold for 5.2% less than they did a month ago.

Summary: The median home sold price in Catawba was $319,999 in May 2024, down 5.2% from last month, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $168K$284K
+69.0%
3 $655K$258K
-60.6%
4 --
N/A
5+ $314.9K$320.9K
+1.9%

Summary: Catawba 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 increased by 69%, 3 bedroom homes decreased by 60.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.9%.

Housing Supply in Catawba, NC

How many homes are available in Catawba, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4349+14.0%

Summary: The Catawba real estate market had 49 homes for sale in May 2024, a 14.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1517
+13.3%
4 1619
+18.8%
5+ 911
+22.2%

Summary: The Catawba 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 33.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catawba, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Catawba in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Catawba, NC

How long does it take to sell a home in Catawba, NC?

Average Sale Time

Apr 2024May 2024CHANGE
192 Days34 Days-81.9%

Summary: Homes in Catawba had an average of 34 days on market in May 2024, down by 81.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Catawba has remained consistent over time.

Summary: During May 2024, 7 homes were sold in Catawba; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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