Is Bear Creek, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bear Creek is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Bear Creek was a Seller's Market.

Key Takeaway

Bear Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bear Creek, NC

How much do homes in Bear Creek, NC cost?

Median Sold Price

$540,000

$268/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$120,000(-18.2%)

Key Takeaway

Homes in Bear Creek have sold for 18.2% less than they did a month ago.

Summary: The median home sold price in Bear Creek was $540,000 in October 2024, down 18.2% from last month, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $660K$540K
-18.2%
4 --
N/A
5+ --
N/A

Summary: Bear Creek housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bear Creek
-18.2%
Bear Creek Township
-18.2%

Housing Supply in Bear Creek, NC

How many homes are available in Bear Creek, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
57+40.0%

Summary: The Bear Creek real estate market had 7 homes for sale in October 2024, a 40.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 46
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Bear Creek 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bear Creek, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Bear Creek in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Bear Creek, NC

How long does it take to sell a home in Bear Creek, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days4 Days-63.6%

Summary: Homes in Bear Creek had an average of 4 days on market in Oct 2024, down by 63.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bear Creek are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Bear Creek; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Bear Creek, NC

Nearby Markets to Bear Creek, NC