$3,977 Closing Credit*
$334,900
2,088 SqFt
3 Beds
•2 Full Baths
Dave Gutheil, Listing Office: Redfin Corporation
Is British Woods, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, British Woods was a Seller's Market.
Key Takeaway
British Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in British Woods, NC
How much do homes in British Woods, NC cost?
Median Sold Price
$230,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+17.3%)
Key Takeaway
Homes in British Woods have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in British Woods was $230,000 in October 2024, up 17.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.5K | - | N/A |
| 2 Bedrooms | $158K | $189.5K | +19.9% |
| 3 Bedrooms | $272.5K | $256.5K | -5.9% |
| 4 Bedrooms | $282K | $314.5K | +11.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: British Woods 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 increased by 19.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| British Woods | $196K | $230K | +17.3% |
| Ardmore | $315K | $305K | -3.2% |
| Heather Hills | $186.2K | $179.5K | -3.6% |
Housing Supply in British Woods, NC
How many homes are available in British Woods, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The British Woods real estate market had 23 homes for sale in October 2024, a 27.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The British Woods 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 25%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in British Woods, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in British Woods in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for British Woods, NC
How long does it take to sell a home in British Woods, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 13 Days | +188.9% |
Summary: Homes in British Woods had an average of 13 days on market in Oct 2024, up by 188.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in British Woods are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in British Woods; 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.
