$10,000 Closing Credit*
$849,000
3,884 SqFt
5 Beds
•4 Full Baths
Paul Clayborne Corsa, Listing Office: Cambridge & Assoc. R.E. Group
Is Averette Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Averette Farms has remained a Seller'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
$452,567
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$332,433(-42.3%)
Key Takeaway
Homes in Averette Farms have sold for 42.3% less than they did a year ago.
Summary: The median home sold price in Averette Farms was $452,567 in August 2024, down 42.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $401.2K | $386.8K | -3.6% |
| 4 Bedrooms | $789.9K | $561.7K | -28.9% |
| 5+ Bedrooms | $825K | $543K | -34.2% |
Summary: Averette Farms housing prices by bedroom type for August 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 3.6%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 34.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Austin Creek | $495K | $484.8K | -2.0% |
| Averette Farms | $785K | $452.5K | -42.3% |
Housing Supply in Averette Farms, NC
How many homes are available in Averette Farms, NC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Averette Farms real estate market had 24 homes for sale in August 2024, a 17.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Averette Farms housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Averette Farms, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Averette Farms in August 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 177 Days | 34 Days | -80.3% |
Summary: Homes in Averette Farms had an average of 34 days on market in Aug 2024, down by 80.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Averette Farms are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 6 homes were sold in Averette Farms; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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