Is Terrell, 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, Terrell was a Seller's Market.
Key Takeaway
Terrell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Terrell, NC
How much do homes in Terrell, NC cost?
Median Sold Price
$1,120,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Terrell have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in Terrell was $1,120,000 in May 2024, up 24.2% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $591K | $1.1M | +98.8% |
| 3 Bedrooms | $599.5K | $1.1M | +86.8% |
| 4 Bedrooms | $1.0M | $1.0M | +1.4% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: Terrell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 98.8%, 3 bedroom homes increased by 86.8%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Terrell | $901.6K | $1.1M | +24.2% |
| Sherrills Ford | $425K | $428.7K | +0.9% |
| Davidson Township | $630.8K | $629.2K | -0.3% |
| Mountain Creek Township | $455K | $451.7K | -0.7% |
Housing Supply in Terrell, NC
How many homes are available in Terrell, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The Terrell real estate market had 25 homes for sale in May 2024, a 31.6% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Terrell 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 50%, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terrell, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Terrell in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Terrell, NC
How long does it take to sell a home in Terrell, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 9 Days | -73.1% |
Summary: Homes in Terrell had an average of 9 days on market in May 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Terrell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Terrell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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