Listing Office: EXP Realty LLC
Is Nebo, 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, Nebo was a Seller's Market.
Key Takeaway
Nebo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nebo, NC
How much do homes in Nebo, NC cost?
Median Sold Price
$520,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,000(+28.4%)
Key Takeaway
Homes in Nebo have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in Nebo was $520,000 in October 2024, up 28.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | $321.5K | +92.5% |
| 2 Bedrooms | $380K | $435K | +14.5% |
| 3 Bedrooms | $350K | $429.9K | +22.9% |
| 4 Bedrooms | $760K | $1.2M | +70.4% |
| 5+ Bedrooms | $912.5K | $1.5M | +68.3% |
Summary: Nebo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.5%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 70.4%, and 5+ bedroom homes increased by 68.3%.
Median Sold Price Compared To Nearby Cities
| Nebo | $405K | $520K | +28.4% |
| Nebo Township | $395K | $499K | +26.3% |
| Dysartsville Township | $377.5K | $435K | +15.2% |
| Linville Township | $800K | $883.3K | +10.4% |
Housing Supply in Nebo, NC
How many homes are available in Nebo, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 68 | +11.5% |
Summary: The Nebo real estate market had 68 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 36 | 42 | +16.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Nebo 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 12.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nebo, 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 Nebo in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Nebo, NC
How long does it take to sell a home in Nebo, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 60 Days | +109.3% |
Summary: Homes in Nebo had an average of 60 days on market in Oct 2024, up by 109.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nebo has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Nebo; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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