Is Moore County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moore County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Moore County was a Seller's Market.

Key Takeaway

Moore County 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 Moore County, NC

How much do homes in Moore County, NC cost?

Median Sold Price

$463,185

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,041(+6.9%)

Key Takeaway

Homes in Moore County have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Moore County was $463,185 in November 2024, up 6.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$217K
+5.9%
2 $275K$310K
+12.7%
3 $395K$415K
+5.0%
4 $483.2K$529K
+9.5%
5+ $564.9K$612.5K
+8.4%

Summary: Moore County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Counties

Richmond County
+7.2%
Moore County
+6.9%
Lee County
+6.6%
Chatham County
0.5%
Hoke County
0.3%

Housing Supply in Moore County, NC

How many homes are available in Moore County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
763749-1.8%

Summary: The Moore County real estate market had 749 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1315
+15.4%
2 8787
0.0%
3 341317
-7.0%
4 263275
+4.6%
5+ 5955
-6.8%

Summary: The Moore County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 6.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
152115-24.3%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moore County, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.

Summary: A total of 115 homes were sold or pending in Moore County in November 2024, down by 24.3% month-over-month. Of the 115 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for Moore County, NC

How long does it take to sell a home in Moore County, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days59 Days+22.7%

Summary: Homes in Moore County had an average of 59 days on market in Nov 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 115 homes were sold in Moore County; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% 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 20 Days Ago

Newest Listings in Moore County, NC

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