Is Browns Summit, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Browns Summit is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Browns Summit has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Browns Summit, NC

How much do homes in Browns Summit, NC cost?

Median Sold Price

$315,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$40,000(-11.3%)

Key Takeaway

Homes in Browns Summit have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in Browns Summit was $315,000 in November 2024, down 11.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $186K-
N/A
2 $175K$197.5K
+12.9%
3 $331.2K$292.5K
-11.7%
4 $520K$427.1K
-17.9%
5+ $455K$466.8K
+2.6%

Summary: Browns Summit 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 12.9%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Madison Township
+17.6%
Washington Township
+9.8%
Monroe Township
+5.1%
Mc Leansville
-1.5%
Browns Summit
-11.3%

Housing Supply in Browns Summit, NC

How many homes are available in Browns Summit, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
50500.0%

Summary: The Browns Summit real estate market had 50 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2626
0.0%
4 2021
+5.0%
5+ 32
-33.3%

Summary: The Browns Summit housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Browns Summit, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Browns Summit in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Browns Summit, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days28 Days-22.2%

Summary: Homes in Browns Summit had an average of 28 days on market in Nov 2024, down by 22.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Browns Summit; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in Browns Summit, NC

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