Is Boiling Springs, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boiling Springs is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Boiling Springs has remained a Seller's Market.

Key Takeaway

Boiling Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Boiling Springs, NC

How much do homes in Boiling Springs, NC cost?

Median Sold Price

$292,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.8%)

Key Takeaway

Homes in Boiling Springs have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Boiling Springs was $292,500 in October 2024, down 0.8% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $185K$76.5K
-58.6%
3 $304.9K$259.9K
-14.8%
4 $244K$402K
+64.8%
5+ $385K$380K
-1.3%

Summary: Boiling Springs 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 decreased by 58.6%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 64.8%, and 5+ bedroom homes decreased by 1.3%.

Housing Supply in Boiling Springs, NC

How many homes are available in Boiling Springs, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The Boiling Springs real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1211
-8.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Boiling Springs 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 increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boiling Springs, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Boiling Springs in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Boiling Springs, NC

How long does it take to sell a home in Boiling Springs, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days22 Days-64.9%

Summary: Homes in Boiling Springs had an average of 22 days on market in Oct 2024, down by 64.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Boiling Springs; 33% of homes were sold within 30 days, 33% 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 17 Days Ago

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