$1,651 Closing Credit*
$139,000
1,055 SqFt
3 Beds
•1 Full Bath
Listing Office: Ruby Realty LLC
Is Bessemer City, 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, Bessemer City was a Seller's Market.
Key Takeaway
Bessemer City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bessemer City, NC
How much do homes in Bessemer City, NC cost?
Median Sold Price
$250,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.4%)
Key Takeaway
Homes in Bessemer City have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Bessemer City was $250,000 in November 2024, up 6.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $90K | +52.5% |
| 2 Bedrooms | $172.5K | $185K | +7.2% |
| 3 Bedrooms | $240K | $245.5K | +2.3% |
| 4 Bedrooms | $375K | $307K | -18.1% |
| 5+ Bedrooms | $350K | $500K | +42.9% |
Summary: Bessemer City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Bessemer City | $235K | $250K | +6.4% |
| Crowders Mountain Township | $244.5K | $260K | +6.3% |
| Cherryville Township | $239.9K | $255K | +6.3% |
Housing Supply in Bessemer City, NC
How many homes are available in Bessemer City, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 74 | -5.1% |
Summary: The Bessemer City real estate market had 74 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 64 | 56 | -12.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bessemer City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bessemer City, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bessemer City in November 2024, down by 44.4% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for Bessemer City, NC
How long does it take to sell a home in Bessemer City, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +27.8% |
Summary: Homes in Bessemer City had an average of 41 days on market in Nov 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
6 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 Bessemer City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Bessemer City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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