Is Jack Britt, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jack Britt is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Jack Britt was a Seller's Market.

Key Takeaway

Jack Britt is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Jack Britt, NC

How much do homes in Jack Britt, NC cost?

Median Sold Price

$288,645

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,065(+1.8%)

Key Takeaway

Homes in Jack Britt have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Jack Britt was $288,645 in November 2024, up 1.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $60K$53.5K
-10.8%
2 $155K$162.4K
+4.8%
3 $215K$229.9K
+6.9%
4 $350K$360K
+2.9%
5+ $443.9K$462.2K
+4.1%

Summary: Jack Britt housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Neighborhoods

Douglas Byrd
+9.7%
Seventy-First
+6.5%
Jack Britt
+1.8%

Housing Supply in Jack Britt, NC

How many homes are available in Jack Britt, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192163-15.1%

Summary: The Jack Britt real estate market had 163 homes for sale in November 2024, a 15.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 22
0.0%
3 10286
-15.7%
4 5948
-18.6%
5+ 2725
-7.4%

Summary: The Jack Britt housing inventory by bedroom type for November 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 15.7%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 7.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5025-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jack Britt, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Jack Britt in November 2024, down by 50.0% month-over-month. Of the 25 sold homes, 16% were sold under asking, 48% were sold at asking, and 36% were sold over asking.

Days on Market for Jack Britt, NC

How long does it take to sell a home in Jack Britt, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days41 Days+22.6%

Summary: Homes in Jack Britt had an average of 41 days on market in Nov 2024, up by 22.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jack Britt are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Jack Britt; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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