Is Gaston County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gaston County has remained a Seller's Market.
Housing Prices in Gaston County, NC
How much do homes in Gaston County, NC cost?
Median Sold Price
$305,010
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gaston County was $305,010 in May 2024, up 1.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.5K | $108K | -13.3% |
2 Bedrooms | $195K | $207K | +6.2% |
3 Bedrooms | $285.8K | $297.4K | +4.1% |
4 Bedrooms | $411K | $419.3K | +2.0% |
5+ Bedrooms | $499K | $512.5K | +2.7% |
Summary: Gaston County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Counties
Cleveland County | $225.1K | $236.2K | +4.9% |
Mecklenburg County | $415.3K | $434K | +4.5% |
Gaston County | $299.6K | $305K | +1.8% |
Lincoln County | $374.5K | $365.4K | -2.4% |
Housing Supply in Gaston County, NC
How many homes are available in Gaston County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,192 | 1,296 | +8.7% |
Summary: The Gaston County real estate market had 1,296 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 178 | 187 | +5.1% |
3 Bedrooms | 675 | 724 | +7.3% |
4 Bedrooms | 232 | 268 | +15.5% |
5+ Bedrooms | 99 | 108 | +9.1% |
Summary: The Gaston County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
297 | 266 | -10.4% |
Asking Price vs. Sold Price
129 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 266 homes were sold or pending in Gaston County in May 2024, down by 10.4% month-over-month. Of the 266 sold homes, 48% were sold under asking, 32% were sold at asking, and 19% were sold over asking.
Days on Market for Gaston County, NC
How long does it take to sell a home in Gaston County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | -0.9% |
Summary: Homes in Gaston County had an average of 31 days on market in May 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During May 2024, 266 homes were sold in Gaston County; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.