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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gastonia is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gastonia was a Seller's Market.

Key Takeaway

Gastonia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Gastonia, NC

How much do homes in Gastonia, NC cost?

Median Sold Price

$285,054

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,084(+1.8%)

Key Takeaway

Homes in Gastonia have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Gastonia was $285,054 in November 2024, up 1.8% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $123K$115K
-6.5%
2 $179.9K$180K
0.0%
3 $270K$280K
+3.7%
4 $369.1K$390K
+5.6%
5+ $492K$501.5K
+1.9%

Summary: Gastonia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Dallas
+7.4%
Dallas Township
+5.0%
Gastonia Township
+4.7%
Ranlo
+4.4%
Gastonia
+1.8%

Housing Supply in Gastonia, NC

How many homes are available in Gastonia, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
664646-2.7%

Summary: The Gastonia real estate market had 646 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 102102
0.0%
3 381368
-3.4%
4 132133
+0.8%
5+ 4842
-12.5%

Summary: The Gastonia 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 3.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129106-17.8%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gastonia, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Gastonia in November 2024, down by 17.8% month-over-month. Of the 106 sold homes, 61% were sold under asking, 27% were sold at asking, and 11% were sold over asking.

Days on Market for Gastonia, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days41 Days-4.3%

Summary: Homes in Gastonia had an average of 41 days on market in Nov 2024, down by 4.3% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 106 homes were sold in Gastonia; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 13% 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 18 Days Ago

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