$10,000 Closing Credit*
$950,000
3,645 SqFt
4 Beds
•3 Full Baths, 1 Partial
Gretchen Castorina, Listing Office: Compass -- Chapel Hill - Durham
Is Governor's Club, 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, Governor's Club has remained a Seller's Market.
Key Takeaway
Governor's Club is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Governor's Club, NC
How much do homes in Governor's Club, NC cost?
Median Sold Price
$1,015,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+9.1%)
Key Takeaway
Homes in Governor's Club have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Governor's Club was $1,015,000 in October 2024, up 9.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $813K | $850K | +4.6% |
| 4 Bedrooms | $950K | $1.0M | +6.3% |
| 5+ Bedrooms | $975K | $1.1M | +15.3% |
Summary: Governor's Club 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 did not change, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in Governor's Club, NC
How many homes are available in Governor's Club, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Governor's Club real estate market had 40 homes for sale in October 2024, a 8.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Governor's Club 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 remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Governor's Club, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Governor's Club in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Governor's Club, NC
How long does it take to sell a home in Governor's Club, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 94 Days | +3.6% |
Summary: Homes in Governor's Club had an average of 94 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Governor's Club are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Governor's Club; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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