Is Hoke 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, Hoke County has remained a Seller's Market.
Housing Prices in Hoke County, NC
How much do homes in Hoke County, NC cost?
Median Sold Price
$280,119
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hoke County was $280,119 in May 2024, up 2.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $22K | -75.6% |
2 Bedrooms | $148K | $142.2K | -3.9% |
3 Bedrooms | $244.9K | $259.6K | +6.0% |
4 Bedrooms | $324K | $330.3K | +2.0% |
5+ Bedrooms | $380K | $390K | +2.6% |
Summary: Hoke County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Moore County | $420.3K | $449.4K | +6.9% |
Robeson County | $192.3K | $205K | +6.6% |
Cumberland County | $229.9K | $239.4K | +4.1% |
Hoke County | $273.4K | $280.1K | +2.4% |
Scotland County | $189.9K | $169.3K | -10.8% |
Housing Supply in Hoke County, NC
How many homes are available in Hoke County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
262 | 271 | +3.4% |
Summary: The Hoke County real estate market had 271 homes for sale in May 2024, a 3.4% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 152 | 158 | +3.9% |
4 Bedrooms | 85 | 90 | +5.9% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Hoke County 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 33.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 86 | +34.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 86 homes were sold or pending in Hoke County in May 2024, up by 34.4% month-over-month. Of the 86 sold homes, 42% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for Hoke County, NC
How long does it take to sell a home in Hoke County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 34 Days | -51.1% |
Summary: Homes in Hoke County had an average of 34 days on market in May 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 86 homes were sold in Hoke County; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.