$20,000
1.24 Acres
Land
Crystal O'Connor, Listing Office: Gate City Real Estate
Is Mebane, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mebane has remained a Seller's Market.
Key Takeaway
Mebane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mebane, NC
How much do homes in Mebane, NC cost?
Median Sold Price
$368,322
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,236(-3.0%)
Key Takeaway
Homes in Mebane have sold for 3% less than they did a year ago.
Summary: The median home sold price in Mebane was $368,322 in October 2024, down 3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $198.5K | N/A |
| 2 Bedrooms | $278.5K | $299.9K | +7.7% |
| 3 Bedrooms | $350K | $357.5K | +2.1% |
| 4 Bedrooms | $402.5K | $421.7K | +4.8% |
| 5+ Bedrooms | $410.4K | $425K | +3.5% |
Summary: Mebane 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 increased by 7.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Mebane | $379.5K | $368.3K | -3.0% |
| Cheeks Township | $379.7K | $367K | -3.4% |
Housing Supply in Mebane, NC
How many homes are available in Mebane, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 197 | 199 | +1.0% |
Summary: The Mebane real estate market had 199 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 97 | 98 | +1.0% |
| 4 Bedrooms | 59 | 64 | +8.5% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Mebane housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mebane, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Mebane in October 2024, up by 27.0% month-over-month. Of the 47 sold homes, 62% were sold under asking, 26% were sold at asking, and 13% were sold over asking.
Days on Market for Mebane, NC
How long does it take to sell a home in Mebane, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 60 Days | +5.0% |
Summary: Homes in Mebane had an average of 60 days on market in Oct 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mebane are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Mebane; 40% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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