$4,572 Closing Credit*
$385,000
1,905 SqFt
3 Beds
•2 Full Baths, 1 Partial
Hui Xiong, Listing Office: Carolina Regent Realty
Is Averette Farms, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Averette Farms was a Neutral 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
$489,920
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$299,980(-38.0%)
Key Takeaway
Homes in Averette Farms have sold for 38% less than they did a year ago.
Summary: The median home sold price in Averette Farms was $489,920 in October 2024, down 38% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $401.9K | $389.5K | -3.1% |
| 4 Bedrooms | $808.6K | $560K | -30.7% |
| 5+ Bedrooms | $835.9K | $548.1K | -34.4% |
Summary: Averette Farms housing prices by bedroom type for October 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 3.1%, 4 bedroom homes decreased by 30.7%, and 5+ bedroom homes decreased by 34.4%.
Housing Supply in Averette Farms, NC
How many homes are available in Averette Farms, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 29 | -31.0% |
Summary: The Averette Farms real estate market had 29 homes for sale in October 2024, a 31.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 9 | -40.0% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Averette Farms housing inventory by bedroom type for October 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 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Averette Farms, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Averette Farms in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 249 Days | 39 Days | -84.2% |
Summary: Homes in Averette Farms had an average of 39 days on market in Oct 2024, down by 84.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 14 homes were sold in Averette Farms; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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