$29,900
Land
Listing Office: Allen Tate/Beverly-Hanks, Lake Lure
Is Nebo, 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, Nebo has remained a Buyer'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 November 2023
+$140,000(+36.8%)
Key Takeaway
Homes in Nebo have sold for 36.8% more than they did a year ago.
Summary: The median home sold price in Nebo was $520,000 in November 2024, up 36.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | $321.5K | +92.5% |
| 2 Bedrooms | $380K | $435K | +14.5% |
| 3 Bedrooms | $344.9K | $457.4K | +32.6% |
| 4 Bedrooms | $760K | $1.2M | +70.4% |
| 5+ Bedrooms | $912.5K | $1.1M | +23.9% |
Summary: Nebo housing prices by bedroom type for November 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 32.6%, 4 bedroom homes increased by 70.4%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Nebo | $380K | $520K | +36.8% |
| Nebo Township | $375K | $509.5K | +35.9% |
| Linville Township | $835K | $924.1K | +10.7% |
| Dysartsville Township | $395K | $432.4K | +9.5% |
Housing Supply in Nebo, NC
How many homes are available in Nebo, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 60 | -3.2% |
Summary: The Nebo real estate market had 60 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Nebo 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Nebo in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 117 Days | 61 Days | -48.0% |
Summary: Homes in Nebo had an average of 61 days on market in Nov 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nebo has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Nebo; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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