Is Five Points, 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, Five Points was a Neutral Market.
Key Takeaway
Five Points is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Five Points, NC
How much do homes in Five Points, NC cost?
Median Sold Price
$785,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Five Points have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Five Points was $785,000 in May 2024, up 6.1% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $300K | -3.2% |
| 2 Bedrooms | $405K | $395K | -2.5% |
| 3 Bedrooms | $752.2K | $805K | +7.0% |
| 4 Bedrooms | $1.1M | $1.1M | +4.1% |
| 5+ Bedrooms | $1.6M | $1.8M | +11.1% |
Summary: Five Points housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Five Points, NC
How many homes are available in Five Points, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 66 | +4.8% |
Summary: The Five Points real estate market had 66 homes for sale in May 2024, a 4.8% 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 | 21 | 23 | +9.5% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Five Points 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 9.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Five Points, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Five Points in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Five Points, NC
How long does it take to sell a home in Five Points, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 38 Days | -34.6% |
Summary: Homes in Five Points had an average of 38 days on market in May 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Five Points are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Five Points; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.