$772 Closing Credit*
$65,000
1,062 SqFt
2 Beds
•1 Full Bath
Diana Prochnow, Listing Office: Allen Tate Summerfield
Is High Point, 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, 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
$260,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,343(+0.5%)
Key Takeaway
Homes in High Point have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in High Point was $260,000 in November 2024, up 0.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $109.9K | +25.7% |
| 2 Bedrooms | $150K | $172K | +14.7% |
| 3 Bedrooms | $247K | $256K | +3.6% |
| 4 Bedrooms | $361K | $369.8K | +2.4% |
| 5+ Bedrooms | $467.2K | $470K | +0.6% |
Summary: High Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Archdale | $240K | $255K | +6.3% |
| High Point Township | $250.4K | $255.3K | +1.9% |
| High Point | $258.6K | $260K | 0.5% |
| Jamestown | $340K | $330K | -2.9% |
| Jamestown Township | $347.9K | $329.9K | -5.2% |
Housing Supply in High Point, NC
How many homes are available in High Point, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 495 | 481 | -2.8% |
Summary: The High Point real estate market had 481 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 97 | 98 | +1.0% |
| 3 Bedrooms | 261 | 258 | -1.1% |
| 4 Bedrooms | 97 | 93 | -4.1% |
| 5+ Bedrooms | 35 | 28 | -20.0% |
Summary: The High Point housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 | 105 | -18.0% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
15 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. 53.3% of homes here sold below asking price last month.
Summary: A total of 105 homes were sold or pending in High Point in November 2024, down by 18.0% month-over-month. Of the 105 sold homes, 53% were sold under asking, 32% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +15.3% |
Summary: Homes in High Point had an average of 34 days on market in Nov 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 105 homes were sold in High Point; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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