$10,000 Closing Credit*
$849,900
2,083 SqFt
3 Beds
•3 Full Baths
Listing Office: Savvy + Co Real Estate
Is Plaza Midwood, 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, Plaza Midwood has remained a Seller's Market.
Key Takeaway
Plaza Midwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plaza Midwood, NC
How much do homes in Plaza Midwood, NC cost?
Median Sold Price
$833,500
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,500(+7.5%)
Key Takeaway
Homes in Plaza Midwood have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Plaza Midwood was $833,500 in October 2024, up 7.5% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $297K | +7.2% |
| 2 Bedrooms | $480.7K | $477.5K | -0.7% |
| 3 Bedrooms | $727.5K | $777.5K | +6.9% |
| 4 Bedrooms | $1.0M | $1.1M | +12.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +12.1% |
Summary: Plaza Midwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Plaza Midwood, NC
How many homes are available in Plaza Midwood, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Plaza Midwood real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Plaza Midwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plaza Midwood, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Plaza Midwood in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 6% were sold at asking, and 38% were sold over asking.
Days on Market for Plaza Midwood, NC
How long does it take to sell a home in Plaza Midwood, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 14 Days | +346.2% |
Summary: Homes in Plaza Midwood had an average of 14 days on market in Oct 2024, up by 346.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Plaza Midwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Plaza Midwood; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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