$10,000 Closing Credit*
$1,800,000
816 SqFt
2 Beds
•1 Full Bath
Samara Presley, Listing Office: Smart Choice Realty Company
Is Five Points, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Five Points has remained a Seller's Market.
Key Takeaway
Five Points is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Five Points, NC
How much do homes in Five Points, NC cost?
Median Sold Price
$825,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,000(+11.0%)
Key Takeaway
Homes in Five Points have sold for 11% more than they did a year ago.
Summary: The median home sold price in Five Points was $825,000 in November 2024, up 11% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $322K | +11.0% |
| 2 Bedrooms | $399.9K | $392K | -2.0% |
| 3 Bedrooms | $756.2K | $800K | +5.8% |
| 4 Bedrooms | $1.1M | $1.3M | +16.3% |
| 5+ Bedrooms | $1.8M | $1.5M | -17.3% |
Summary: Five Points housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in Five Points, NC
How many homes are available in Five Points, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 56 | -13.8% |
Summary: The Five Points real estate market had 56 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 18 | 12 | -33.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Five Points housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Five Points, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Five Points in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 6% were sold at asking, and 31% were sold over asking.
Days on Market for Five Points, NC
How long does it take to sell a home in Five Points, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 102 Days | 24 Days | -76.5% |
Summary: Homes in Five Points had an average of 24 days on market in Nov 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Five Points are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Five Points; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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