$2,731 Closing Credit*
$230,000
1,047 SqFt
3 Beds
•1 Full Bath, 1 Partial
Landon Stone, Listing Office: eXp Realty, LLC
Is Browns Summit, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$325,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,000(-8.5%)
Key Takeaway
Homes in Browns Summit have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Browns Summit was $325,000 in October 2024, down 8.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | - | N/A |
| 2 Bedrooms | $191K | $197.5K | +3.4% |
| 3 Bedrooms | $325.4K | $294.5K | -9.5% |
| 4 Bedrooms | $502K | $430K | -14.3% |
| 5+ Bedrooms | $346.8K | $466.8K | +34.6% |
Summary: Browns Summit 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 3.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Madison Township | $239.5K | $299.9K | +25.2% |
| Washington Township | $256K | $276.7K | +8.1% |
| Monroe Township | $379.1K | $392.9K | +3.7% |
| Mc Leansville | $299K | $299.4K | 0.2% |
| Browns Summit | $355K | $325K | -8.5% |
Housing Supply in Browns Summit, NC
How many homes are available in Browns Summit, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The Browns Summit real estate market had 49 homes for sale in October 2024, a 11.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Browns Summit 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 decreased by 50%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Browns Summit, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Browns Summit in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 27 Days | -35.3% |
Summary: Homes in Browns Summit had an average of 27 days on market in Oct 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Browns Summit are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Browns Summit; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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