$4,726 Closing Credit*
$398,000
873 SqFt
1 Bed
•1 Full Bath
Listing Office: ProStead Realty
Is Myers Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Myers Park has remained a Seller's Market.
Key Takeaway
Myers Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Myers Park, NC
How much do homes in Myers Park, NC cost?
Median Sold Price
$1,399,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,000(+7.6%)
Key Takeaway
Homes in Myers Park have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Myers Park was $1,399,000 in November 2024, up 7.6% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $357.5K | +14.4% |
| 2 Bedrooms | $376K | $380K | +1.1% |
| 3 Bedrooms | $1.1M | $1.0M | -6.7% |
| 4 Bedrooms | $1.6M | $1.7M | +8.4% |
| 5+ Bedrooms | $2.4M | $2.7M | +8.5% |
Summary: Myers Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Myers Park, NC
How many homes are available in Myers Park, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 69 | -13.8% |
Summary: The Myers Park real estate market had 69 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The Myers Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myers Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Myers Park in November 2024, down by 40.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Myers Park, NC
How long does it take to sell a home in Myers Park, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 46 Days | -14.0% |
Summary: Homes in Myers Park had an average of 46 days on market in Nov 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myers Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Myers Park; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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