$4,513 Closing Credit*
$380,000
585 SqFt
1 Bed
•1 Full Bath
#100474262, Listing Office: Network Real Estate
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
Last month, Historic Downtown was a Neutral 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
$386,350
$460/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$3,650(-0.9%)
Key Takeaway
Homes in Historic Downtown have sold for 0.9% less than they did a month ago.
Summary: The median home sold price in Historic Downtown was $386,350 in October 2024, down 0.9% from last month, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387.5K | $344.6K | -11.1% |
| 2 Bedrooms | $815K | $560K | -31.3% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Historic Downtown housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 31.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Historic Downtown real estate market had 28 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 21 | -8.7% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 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 October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Historic Downtown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Historic Downtown in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 55 Days | -26.4% |
Summary: Homes in Historic Downtown had an average of 55 days on market in Oct 2024, down by 26.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were 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 October 2024, 3 homes were sold in Historic Downtown; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
