$4,738 Closing Credit*
$399,000
2,801 SqFt
4 Beds
•2 Full Baths, 1 Partial
#100475611, Listing Office: Dream Finders Realty LLC
Is Hofmann Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hofmann Forest was a Buyer's Market.
Key Takeaway
Hofmann Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hofmann Forest, NC
How much do homes in Hofmann Forest, NC cost?
Median Sold Price
$359,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.9%)
Key Takeaway
Homes in Hofmann Forest have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Hofmann Forest was $359,000 in October 2024, up 5.9% 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 | - | - | N/A |
| 2 Bedrooms | $201.9K | - | N/A |
| 3 Bedrooms | $329.5K | $316K | -4.1% |
| 4 Bedrooms | $368K | $366.4K | -0.4% |
| 5+ Bedrooms | $482K | $421K | -12.7% |
Summary: Hofmann Forest housing prices by bedroom type for October 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 decreased by 4.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Richlands Township | $252K | $272.5K | +8.2% |
| Hofmann Forest | $339K | $359K | +5.9% |
| Jacksonville Township | $245.1K | $249.9K | +2.0% |
| White Oak Township | $267.3K | $272K | +1.8% |
| Maysville | $275K | $265K | -3.6% |
Housing Supply in Hofmann Forest, NC
How many homes are available in Hofmann Forest, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 36 | -18.2% |
Summary: The Hofmann Forest real estate market had 36 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Hofmann Forest 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 remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hofmann Forest, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Hofmann Forest in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hofmann Forest, NC
How long does it take to sell a home in Hofmann Forest, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 67 Days | -27.3% |
Summary: Homes in Hofmann Forest had an average of 67 days on market in Oct 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hofmann Forest has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Hofmann Forest; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
