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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Downtown, NC

How much do homes in Downtown, NC cost?

Median Sold Price

$187,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$2,500(-1.3%)

Key Takeaway

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

Summary: The median home sold price in Downtown was $187,500 in December 2024, down 1.3% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $200K-
N/A
2 $127.5K$145K
+13.7%
3 $185K$190K
+2.7%
4 $264K$191.2K
-27.6%
5+ $465K$505K
+8.6%

Summary: Downtown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 27.6%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Neighborhoods

Central Fayetteville
+4.1%
Downtown
-1.3%

Housing Supply in Downtown, NC

How many homes are available in Downtown, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1715-11.8%

Summary: The Downtown real estate market had 15 homes for sale in December 2024, a 11.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 129
-25.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Downtown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Downtown in December 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Downtown, NC

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

Average Sale Time

Dec 2023Dec 2024CHANGE
35 Days18 Days-47.6%

Summary: Homes in Downtown had an average of 18 days on market in Dec 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Downtown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Downtown, NC

Nearby Markets to Downtown, NC