$5,343 Closing Credit*
$449,900
1,847 SqFt
3 Beds
•2 Full Baths, 1 Partial
Natalie Bree, Listing Office: Natalie & Co Real Estate Consultants
Is Efland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Efland has remained a Seller's Market.
Key Takeaway
Efland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Efland, NC
How much do homes in Efland, NC cost?
Median Sold Price
$449,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$54,500(-10.8%)
Key Takeaway
Homes in Efland have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Efland was $449,000 in October 2024, down 10.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420.9K | $322.5K | -23.4% |
| 3 Bedrooms | $370K | $402K | +8.6% |
| 4 Bedrooms | $660K | $722K | +9.4% |
| 5+ Bedrooms | $712.5K | $787.5K | +10.5% |
Summary: Efland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Cedar Grove Township | $454K | $490K | +7.9% |
| Bingham Township | $503.5K | $527.5K | +4.8% |
| Cheeks Township | $379.7K | $367K | -3.4% |
| Efland | $503.5K | $449K | -10.8% |
Housing Supply in Efland, NC
How many homes are available in Efland, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Efland real estate market had 15 homes for sale in October 2024, a 36.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Efland 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Efland, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Efland in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Efland, NC
How long does it take to sell a home in Efland, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +116.3% |
Summary: Homes in Efland had an average of 49 days on market in Oct 2024, up by 116.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Efland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Efland; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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