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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clemmons is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Clemmons, NC

How much do homes in Clemmons, NC cost?

Median Sold Price

$385,500

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,750(+2.6%)

Key Takeaway

Homes in Clemmons have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Clemmons was $385,500 in October 2024, up 2.6% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65K$99.5K
+53.1%
2 $215K$223.5K
+4.0%
3 $335K$352.3K
+5.2%
4 $447.4K$450K
+0.6%
5+ $539.9K$549.3K
+1.8%

Summary: Clemmons housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Lewisville
+4.4%
Clemmons
+2.6%
Lewisville Township
+1.9%
Clemmonsville Township
0.3%
South Fork Township
-4.4%

Housing Supply in Clemmons, NC

How many homes are available in Clemmons, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
157163+3.8%

Summary: The Clemmons real estate market had 163 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1018
+80.0%
3 7984
+6.3%
4 5147
-7.8%
5+ 1613
-18.8%

Summary: The Clemmons 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 80%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3742+13.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clemmons, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Clemmons in October 2024, up by 13.5% month-over-month. Of the 42 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.

Days on Market for Clemmons, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days30 Days+48.0%

Summary: Homes in Clemmons had an average of 30 days on market in Oct 2024, up by 48% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 42 homes were sold in Clemmons; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% 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

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