$4,036 Closing Credit*
$339,900
2,308 SqFt
5 Beds
•2 Full Baths, 1 Partial
EMILY RICHARDSON, Listing Office: EXP REALTY LLC
Is Gray's Creek, 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, Gray's Creek has remained a Neutral Market.
Key Takeaway
Gray's Creek 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 Gray's Creek, NC
How much do homes in Gray's Creek, NC cost?
Median Sold Price
$350,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,937(+5.4%)
Key Takeaway
Homes in Gray's Creek have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Gray's Creek was $350,000 in November 2024, up 5.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $227.4K | N/A |
| 3 Bedrooms | $293K | $304.9K | +4.1% |
| 4 Bedrooms | $348K | $365K | +4.9% |
| 5+ Bedrooms | $398K | $432.5K | +8.7% |
Summary: Gray's Creek housing prices by bedroom type for November 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 4.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Gray's Creek, NC
How many homes are available in Gray's Creek, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 107 | -12.3% |
Summary: The Gray's Creek real estate market had 107 homes for sale in November 2024, a 12.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 49 | 38 | -22.4% |
| 4 Bedrooms | 59 | 54 | -8.5% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Gray's Creek 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 22.4%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gray's Creek, expect to pay close to the asking price. 76.5% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Gray's Creek in November 2024, down by 22.7% month-over-month. Of the 17 sold homes, 12% were sold under asking, 76% were sold at asking, and 12% were sold over asking.
Days on Market for Gray's Creek, NC
How long does it take to sell a home in Gray's Creek, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 36 Days | -12.3% |
Summary: Homes in Gray's Creek had an average of 36 days on market in Nov 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gray's Creek are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Gray's Creek; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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