$2,968 Closing Credit*
$249,900
1,417 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Boyd & Hassell
Is Connelly Springs, 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, Connelly Springs was a Seller's Market.
Key Takeaway
Connelly Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Connelly Springs, NC
How much do homes in Connelly Springs, NC cost?
Median Sold Price
$245,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,100(+4.7%)
Key Takeaway
Homes in Connelly Springs have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Connelly Springs was $245,000 in October 2024, up 4.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.5K | $166.3K | +12.0% |
| 2 Bedrooms | $182K | $172.5K | -5.2% |
| 3 Bedrooms | $235K | $274.4K | +16.8% |
| 4 Bedrooms | $664K | $260K | -60.8% |
| 5+ Bedrooms | $331.7K | - | N/A |
Summary: Connelly Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 60.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Icard Township | $195.9K | $239K | +22.0% |
| Lovelady Township | $249.8K | $262.5K | +5.1% |
| Connelly Springs | $233.9K | $245K | +4.7% |
| Rutherford College | $275K | $280K | +1.8% |
Housing Supply in Connelly Springs, NC
How many homes are available in Connelly Springs, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Connelly Springs real estate market had 56 homes for sale in October 2024, a 3.7% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 34 | 40 | +17.6% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Connelly Springs 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 16.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Connelly Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Connelly Springs in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Connelly Springs, NC
How long does it take to sell a home in Connelly Springs, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +53.9% |
Summary: Homes in Connelly Springs had an average of 31 days on market in Oct 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Connelly Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Connelly Springs; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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