$10,000 Closing Credit*
$995,000
1,375 SqFt
2 Beds
•2 Full Baths, 1 Partial
#100481480, Listing Office: Cardinal Property Mgt LLC
Is Historic Downtown, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Historic Downtown has remained a Buyer's Market.
Key Takeaway
Historic Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Historic Downtown, NC
How much do homes in Historic Downtown, NC cost?
Median Sold Price
$535,297
$394/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$148,947(+38.6%)
Key Takeaway
Homes in Historic Downtown have sold for 38.6% more than they did a month ago.
Summary: The median home sold price in Historic Downtown was $535,297 in November 2024, up 38.6% from last month, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344.6K | $370.5K | +7.5% |
| 2 Bedrooms | $560K | - | N/A |
| 3 Bedrooms | - | $700K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Historic Downtown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Historic Downtown, NC
How many homes are available in Historic Downtown, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Historic Downtown real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 20 | -4.8% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Historic Downtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Historic Downtown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Historic Downtown in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Historic Downtown, NC
How long does it take to sell a home in Historic Downtown, NC?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 65 Days | +17.7% |
Summary: Homes in Historic Downtown had an average of 65 days on market in Nov 2024, up by 17.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Historic Downtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Historic Downtown; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
