$2,374 Closing Credit*
$199,900
1,180 SqFt
3 Beds
•1 Full Bath
John Gatlin, Listing Office: RE/MAX Central Realty
Is Asheboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$255,026
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,435(+4.3%)
Key Takeaway
Homes in Asheboro have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Asheboro was $255,026 in October 2024, up 4.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $92.5K | -20.9% |
| 2 Bedrooms | $165K | $187K | +13.3% |
| 3 Bedrooms | $252.5K | $265K | +5.0% |
| 4 Bedrooms | $289.9K | $308.7K | +6.5% |
| 5+ Bedrooms | $379K | $603.7K | +59.3% |
Summary: Asheboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 59.3%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $274.9K | $307.5K | +11.9% |
| Asheboro | $244.5K | $255K | +4.3% |
| Asheboro Township | $241.9K | $250K | +3.3% |
| Cedar Grove Township | $298K | $295K | -1.0% |
Housing Supply in Asheboro, NC
How many homes are available in Asheboro, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 155 | -6.6% |
Summary: The Asheboro real estate market had 155 homes for sale in October 2024, a 6.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 100 | 103 | +3.0% |
| 4 Bedrooms | 29 | 16 | -44.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Asheboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 44.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 44 | -21.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asheboro, you may be able to get a good deal. 61.4% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Asheboro in October 2024, down by 21.4% month-over-month. Of the 44 sold homes, 61% were sold under asking, 14% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +22.9% |
Summary: Homes in Asheboro had an average of 31 days on market in Oct 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 44 homes were sold in Asheboro; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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