$157,000
Land
Listing Office: Keller Williams Lake Norman
Is Catawba, 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, Catawba was a Seller's Market.
Key Takeaway
Catawba is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Catawba, NC
How much do homes in Catawba, NC cost?
Median Sold Price
$313,499
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,500(-10.4%)
Key Takeaway
Homes in Catawba have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Catawba was $313,499 in October 2024, down 10.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101K | $40.5K | -59.9% |
| 2 Bedrooms | $595K | $270K | -54.6% |
| 3 Bedrooms | $300.5K | $292K | -2.9% |
| 4 Bedrooms | $517.5K | $297.4K | -42.5% |
| 5+ Bedrooms | $639.2K | $319.9K | -49.9% |
Summary: Catawba housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.9%, 2 bedroom homes decreased by 54.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes decreased by 49.9%.
Median Sold Price Compared To Nearby Cities
| Catawba Township | $285K | $312K | +9.5% |
| Catawba | $350K | $313.4K | -10.4% |
Housing Supply in Catawba, NC
How many homes are available in Catawba, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 53 | 0.0% |
Summary: The Catawba real estate market had 53 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Catawba 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 33.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catawba, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Catawba in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Catawba, NC
How long does it take to sell a home in Catawba, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 20 Days | +464.8% |
Summary: Homes in Catawba had an average of 20 days on market in Oct 2024, up by 464.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Catawba are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Catawba; 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.
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