$3,205 Closing Credit*
$269,900
1,404 SqFt
3 Beds
•2 Full Baths
Renee A. Shandra, Listing Office: 360 Realty, LLC
Is Pfafftown, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pfafftown has remained a Seller's Market.
Key Takeaway
Pfafftown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pfafftown, NC
How much do homes in Pfafftown, NC cost?
Median Sold Price
$350,250
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,250(+7.8%)
Key Takeaway
Homes in Pfafftown have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Pfafftown was $350,250 in October 2024, up 7.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $189.9K | $300K | +58.0% |
| 3 Bedrooms | $295.7K | $312.5K | +5.7% |
| 4 Bedrooms | $400K | $437K | +9.3% |
| 5+ Bedrooms | $485K | $502K | +3.5% |
Summary: Pfafftown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Pfafftown | $325K | $350.2K | +7.8% |
| Old Richmond Township | $269.9K | $285K | +5.6% |
| Vienna Township | $437.7K | $455K | +3.9% |
Housing Supply in Pfafftown, NC
How many homes are available in Pfafftown, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The Pfafftown real estate market had 61 homes for sale in October 2024, a 8.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Pfafftown 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 decreased by 100%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pfafftown, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Pfafftown in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Pfafftown, NC
How long does it take to sell a home in Pfafftown, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 50 Days | +54.1% |
Summary: Homes in Pfafftown had an average of 50 days on market in Oct 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pfafftown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Pfafftown; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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