$4,494 Closing Credit*
$378,400
1,901 SqFt
3 Beds
•2 Full Baths, 1 Partial
Joe Wolf, Listing Office: Drees Homes
Is Averette Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Averette Farms was a Buyer's Market.
Key Takeaway
Averette Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Averette Farms, NC
How much do homes in Averette Farms, NC cost?
Median Sold Price
$483,690
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$306,210(-38.8%)
Key Takeaway
Homes in Averette Farms have sold for 38.8% less than they did a year ago.
Summary: The median home sold price in Averette Farms was $483,690 in November 2024, down 38.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $401.9K | $389K | -3.2% |
| 4 Bedrooms | $808.6K | $560K | -30.7% |
| 5+ Bedrooms | $855.4K | $548.6K | -35.9% |
Summary: Averette Farms housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes decreased by 35.9%.
Housing Supply in Averette Farms, NC
How many homes are available in Averette Farms, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Averette Farms real estate market had 27 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Averette Farms housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Averette Farms, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Averette Farms in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 0% were sold under asking, 86% were sold at asking, and 14% were sold over asking.
Days on Market for Averette Farms, NC
How long does it take to sell a home in Averette Farms, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 575 Days | 4 Days | -99.3% |
Summary: Homes in Averette Farms had an average of 4 days on market in Nov 2024, down by 99.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Averette Farms are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Averette Farms; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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