$416 Closing Credit*
$35,000
650 SqFt
2 Beds
•1 Full Bath
Listing Office: Collective Realty LLC
Is Mount Gilead, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mount Gilead was a Neutral 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
$278,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,000(+14.9%)
Key Takeaway
Homes in Mount Gilead have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Mount Gilead was $278,000 in November 2024, up 14.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $92K | +5.1% |
| 2 Bedrooms | $139.5K | $185K | +32.6% |
| 3 Bedrooms | $371.9K | $336.7K | -9.5% |
| 4 Bedrooms | $300K | $1.0M | +250.0% |
| 5+ Bedrooms | $322.5K | $1.8M | +478.3% |
Summary: Mount Gilead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 32.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 478.3%.
Median Sold Price Compared To Nearby Cities
| Mount Gilead Township | $239K | $278K | +16.3% |
| Mount Gilead | $242K | $278K | +14.9% |
Housing Supply in Mount Gilead, NC
How many homes are available in Mount Gilead, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 93 | -4.1% |
Summary: The Mount Gilead real estate market had 93 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mount Gilead 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 increased by 4.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 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. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Gilead in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 52 Days | -14.6% |
Summary: Homes in Mount Gilead had an average of 52 days on market in Nov 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Gilead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Mount Gilead; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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