$4,274 Closing Credit*
$359,900
1,933 SqFt
3 Beds
•2 Full Baths
Allen Smith, Listing Office: LEGACY Realty NC
Is Bermuda Run, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bermuda Run has remained a Seller's Market.
Key Takeaway
Bermuda Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bermuda Run, NC
How much do homes in Bermuda Run, NC cost?
Median Sold Price
$425,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$162,000(+61.6%)
Key Takeaway
Homes in Bermuda Run have sold for 61.6% more than they did a year ago.
Summary: The median home sold price in Bermuda Run was $425,000 in November 2024, up 61.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103.5K | N/A |
| 2 Bedrooms | $179K | $189K | +5.6% |
| 3 Bedrooms | $414K | $466.5K | +12.7% |
| 4 Bedrooms | $667.5K | $825K | +23.6% |
| 5+ Bedrooms | $800K | $1.0M | +34.4% |
Summary: Bermuda Run 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 increased by 5.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 34.4%.
Median Sold Price Compared To Nearby Cities
| Bermuda Run | $263K | $425K | +61.6% |
| Farmington Township | $353.7K | $430K | +21.6% |
| Advance | $375K | $442.5K | +18.0% |
Housing Supply in Bermuda Run, NC
How many homes are available in Bermuda Run, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The Bermuda Run real estate market had 38 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bermuda Run housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bermuda Run, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bermuda Run in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Bermuda Run, NC
How long does it take to sell a home in Bermuda Run, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 60 Days | +4.8% |
Summary: Homes in Bermuda Run had an average of 60 days on market in Nov 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bermuda Run are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Bermuda Run; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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