$3,741 Closing Credit*
$315,000
4,172 SqFt
4 Beds
•3 Full Baths
Waleed Ahmed, Listing Office: ELYSIAN1, LLC
Is High Point, 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, High Point has remained a Seller's Market.
Key Takeaway
High Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in High Point, NC
How much do homes in High Point, NC cost?
Median Sold Price
$260,958
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$440(+0.2%)
Key Takeaway
The sold price of homes in High Point has remained the same since last year.
Summary: The median home sold price in High Point was $260,958 in October 2024, up 0.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $114.7K | +33.4% |
| 2 Bedrooms | $150K | $173K | +15.3% |
| 3 Bedrooms | $249.6K | $258K | +3.4% |
| 4 Bedrooms | $365K | $369.6K | +1.3% |
| 5+ Bedrooms | $455.3K | $472K | +3.7% |
Summary: High Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Archdale | $240K | $251.2K | +4.7% |
| High Point Township | $251.9K | $257K | +2.0% |
| High Point | $260.5K | $260.9K | 0.2% |
| Jamestown | $340K | $330.2K | -2.9% |
| Jamestown Township | $345.3K | $330.7K | -4.2% |
Housing Supply in High Point, NC
How many homes are available in High Point, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 475 | 496 | +4.4% |
Summary: The High Point real estate market had 496 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 98 | 91 | -7.1% |
| 3 Bedrooms | 238 | 265 | +11.3% |
| 4 Bedrooms | 105 | 99 | -5.7% |
| 5+ Bedrooms | 27 | 34 | +25.9% |
Summary: The High Point 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 decreased by 7.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 120 | +15.4% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in High Point, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in High Point in October 2024, up by 15.4% month-over-month. Of the 120 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for High Point, NC
How long does it take to sell a home in High Point, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +4.5% |
Summary: Homes in High Point had an average of 29 days on market in Oct 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in High Point are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 120 homes were sold in High Point; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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