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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Catawba is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Catawba, NC

How much do homes in Catawba, NC cost?

Median Sold Price

$314,999

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,076(-4.3%)

Key Takeaway

Homes in Catawba have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Catawba was $314,999 in November 2024, down 4.3% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $101K$40.5K
-59.9%
2 $740K$270K
-63.5%
3 $289K$292K
+1.0%
4 $517.5K$299.9K
-42.0%
5+ $639.2K$319.9K
-49.9%

Summary: Catawba housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.9%, 2 bedroom homes decreased by 63.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 42%, and 5+ bedroom homes decreased by 49.9%.

Median Sold Price Compared To Nearby Cities

Catawba Township
+8.5%
Catawba
-4.3%

Housing Supply in Catawba, NC

How many homes are available in Catawba, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5255+5.8%

Summary: The Catawba real estate market had 55 homes for sale in November 2024, a 5.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2424
0.0%
4 1315
+15.4%
5+ 1213
+8.3%

Summary: The Catawba 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 15.4%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Catawba, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Catawba in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 38% 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

Nov 2023Nov 2024CHANGE
13 Days35 Days+169.8%

Summary: Homes in Catawba had an average of 35 days on market in Nov 2024, up by 169.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Catawba; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

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