$2,849 Closing Credit*
$239,900
2,161 SqFt
4 Beds
•3 Full Baths
#100476528, Listing Office: Realty World Properties of the Pines
Is Mount Gilead, 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, Mount Gilead was a Seller's Market.
Key Takeaway
Mount Gilead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Gilead, NC
How much do homes in Mount Gilead, NC cost?
Median Sold Price
$296,603
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,603(+31.8%)
Key Takeaway
Homes in Mount Gilead have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in Mount Gilead was $296,603 in October 2024, up 31.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $89K | +1.7% |
| 2 Bedrooms | $134K | $171.7K | +28.2% |
| 3 Bedrooms | $364.5K | $341K | -6.4% |
| 4 Bedrooms | $220K | $759.9K | +245.4% |
| 5+ Bedrooms | $395K | $1.0M | +154.4% |
Summary: Mount Gilead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 28.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 245.4%, and 5+ bedroom homes increased by 154.4%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead | $225K | $296.6K | +31.8% |
| Mount Gilead Township | $225K | $296.6K | +31.8% |
Housing Supply in Mount Gilead, NC
How many homes are available in Mount Gilead, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 103 | +7.3% |
Summary: The Mount Gilead real estate market had 103 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Gilead 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 increased by 8.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Gilead, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mount Gilead in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Mount Gilead, NC
How long does it take to sell a home in Mount Gilead, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 72 Days | +189.8% |
Summary: Homes in Mount Gilead had an average of 72 days on market in Oct 2024, up by 189.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mount Gilead are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in Mount Gilead; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
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