Is Deep Run, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deep Run is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Deep Run has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Deep Run, NC

How much do homes in Deep Run, NC cost?

Median Sold Price

$239,987

$162/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,487(+1.0%)

Key Takeaway

Homes in Deep Run have sold for 1% more than they did a month ago.

Summary: The median home sold price in Deep Run was $239,987 in November 2024, up 1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $237.5K$237.5K
0.0%
4 -$239.9K
N/A
5+ -$344.9K
N/A

Summary: Deep Run housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deep Run
+1.0%
Trent Township
+1.0%
Pink Hill Township
-10.8%
Pink Hill
-10.8%

Housing Supply in Deep Run, NC

How many homes are available in Deep Run, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Deep Run real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 35
+66.7%
5+ 11
0.0%

Summary: The Deep Run 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 decreased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deep Run, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Deep Run in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Deep Run, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
77 Days118 Days+52.1%

Summary: Homes in Deep Run had an average of 118 days on market in Nov 2024, up by 52.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Deep Run; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% 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 21 Days Ago

Newest Listings in Deep Run, NC

Nearby Markets to Deep Run, NC