$117,000
1.44 Acres
Land
Alejandro Adarve, Listing Office: Palmira Realty LLC
Is Asheboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Asheboro has remained a Seller's Market.
Key Takeaway
Asheboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Asheboro, NC
How much do homes in Asheboro, NC cost?
Median Sold Price
$255,011
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,011(+4.1%)
Key Takeaway
Homes in Asheboro have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Asheboro was $255,011 in November 2024, up 4.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $92.5K | -20.9% |
| 2 Bedrooms | $166K | $190K | +14.5% |
| 3 Bedrooms | $255K | $265K | +3.9% |
| 4 Bedrooms | $280K | $310K | +10.7% |
| 5+ Bedrooms | $360K | $649.9K | +80.6% |
Summary: Asheboro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 80.6%.
Median Sold Price Compared To Nearby Cities
| Back Creek Township | $315.5K | $474.5K | +50.4% |
| Grant Township | $275K | $305K | +10.9% |
| Asheboro | $245K | $255K | +4.1% |
| Asheboro Township | $245K | $250K | +2.0% |
| Cedar Grove Township | $298K | $300K | +0.7% |
Housing Supply in Asheboro, NC
How many homes are available in Asheboro, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 151 | -0.7% |
Summary: The Asheboro real estate market had 151 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 27 | 30 | +11.1% |
| 3 Bedrooms | 104 | 98 | -5.8% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Asheboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asheboro, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Asheboro in November 2024, down by 15.9% month-over-month. Of the 37 sold homes, 59% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Asheboro, NC
How long does it take to sell a home in Asheboro, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +65.0% |
Summary: Homes in Asheboro had an average of 32 days on market in Nov 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Asheboro are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Asheboro; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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