Is Bostic, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bostic is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Bostic was a Seller's Market.

Key Takeaway

Bostic 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 Bostic, NC

How much do homes in Bostic, NC cost?

Median Sold Price

$450,000

$170/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$112,341(-20.0%)

Key Takeaway

Homes in Bostic have sold for 20% less than they did a month ago.

Summary: The median home sold price in Bostic was $450,000 in October 2024, down 20% from last month, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $245K-
N/A
2 $562.3K$67.5K
-88.0%
3 $865K$500K
-42.2%
4 --
N/A
5+ --
N/A

Summary: Bostic 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 decreased by 88%, 3 bedroom homes decreased by 42.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bostic, NC

How many homes are available in Bostic, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2420-16.7%

Summary: The Bostic real estate market had 20 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 75
-28.6%
3 1514
-6.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Bostic housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 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 Bostic, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Bostic in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Bostic, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
79 Days34 Days-56.2%

Summary: Homes in Bostic had an average of 34 days on market in Oct 2024, down by 56.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Bostic are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Bostic; 67% 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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