$1,390,000
200.00 Acres
Land
FAYE Guin, Listing Office: C-21 Country Knolls
Is Norlina, 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, Norlina was a Neutral Market.
Key Takeaway
Norlina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norlina, NC
How much do homes in Norlina, NC cost?
Median Sold Price
$197,750
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,500(+7.9%)
Key Takeaway
Homes in Norlina have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Norlina was $197,750 in November 2024, up 7.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155.4K | $95K | -38.9% |
| 3 Bedrooms | $177K | $197.7K | +11.7% |
| 4 Bedrooms | $193.5K | $245K | +26.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Norlina housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes did not change.
Housing Supply in Norlina, NC
How many homes are available in Norlina, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Norlina real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Norlina 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norlina, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Norlina in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Norlina, NC
How long does it take to sell a home in Norlina, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 199 Days | +151.9% |
Summary: Homes in Norlina had an average of 199 days on market in Nov 2024, up by 151.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Norlina are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Norlina; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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