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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catawba County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Catawba County has remained a Seller's Market.

Key Takeaway

Catawba County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Catawba County, NC

How much do homes in Catawba County, NC cost?

Median Sold Price

$290,182

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,170(+6.3%)

Key Takeaway

Homes in Catawba County have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Catawba County was $290,182 in May 2024, up 6.3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $130K$147.2K
+13.2%
2 $175K$179.9K
+2.8%
3 $267.1K$284.9K
+6.7%
4 $395K$380K
-3.8%
5+ $443.5K$485K
+9.4%

Summary: Catawba County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Counties

Caldwell County
+9.2%
Catawba County
+6.3%
Alexander County
+5.4%
Iredell County
+1.7%
Lincoln County
-2.4%

Housing Supply in Catawba County, NC

How many homes are available in Catawba County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
796850+6.8%

Summary: The Catawba County real estate market had 850 homes for sale in May 2024, a 6.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 65
-16.7%
2 115123
+7.0%
3 433456
+5.3%
4 193215
+11.4%
5+ 4951
+4.1%

Summary: The Catawba County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
169211+24.9%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catawba County, you may be able to get a good deal. 49.8% of homes here sold below asking price last month.

Summary: A total of 211 homes were sold or pending in Catawba County in May 2024, up by 24.9% month-over-month. Of the 211 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.

Days on Market for Catawba County, NC

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

Average Sale Time

May 2023May 2024CHANGE
29 Days41 Days+41.4%

Summary: Homes in Catawba County had an average of 41 days on market in May 2024, up by 41.4% compared to last year.

Breakdown of Home Sale Times

139 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Catawba County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 211 homes were sold in Catawba County; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% 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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