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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conover is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Conover, NC

How much do homes in Conover, NC cost?

Median Sold Price

$284,643

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,806(-1.3%)

Key Takeaway

Homes in Conover have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Conover was $284,643 in November 2024, down 1.3% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$149.8K
N/A
2 $185K$210K
+13.5%
3 $282.9K$284.5K
+0.6%
4 $323K$397.4K
+23.0%
5+ $369.6K$373.2K
+1.0%

Summary: Conover housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Claremont
+6.8%
Newton Township
+1.9%
Clines Township
-0.8%
Conover
-1.3%
Newton
-1.6%

Housing Supply in Conover, NC

How many homes are available in Conover, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9787-10.3%

Summary: The Conover real estate market had 87 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 6662
-6.1%
4 1611
-31.3%
5+ 35
+66.7%

Summary: The Conover 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 decreased by 25%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2618-30.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conover, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Conover in November 2024, down by 30.8% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% were sold over asking.

Days on Market for Conover, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days60 Days+255.0%

Summary: Homes in Conover had an average of 60 days on market in Nov 2024, up by 255% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Conover are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 18 homes were sold in Conover; 33% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 39% 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 17 Days Ago

Newest Listings in Conover, NC

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