$10,000 Closing Credit*
$845,000
2,178 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Charlotte Living Realty
Is Plaza Midwood, 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, Plaza Midwood was a Neutral 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
$841,500
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+4.5%)
Key Takeaway
Homes in Plaza Midwood have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Plaza Midwood was $841,500 in November 2024, up 4.5% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $297K | +7.2% |
| 2 Bedrooms | $475K | $485K | +2.1% |
| 3 Bedrooms | $750K | $780K | +4.0% |
| 4 Bedrooms | $1.0M | $1.1M | +7.3% |
| 5+ Bedrooms | $1.2M | $1.5M | +15.8% |
Summary: Plaza Midwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in Plaza Midwood, NC
How many homes are available in Plaza Midwood, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 34 | -22.7% |
Summary: The Plaza Midwood real estate market had 34 homes for sale in November 2024, a 22.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 14 | 8 | -42.9% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Plaza Midwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 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. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Plaza Midwood in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 74 Days | +284.4% |
Summary: Homes in Plaza Midwood had an average of 74 days on market in Nov 2024, up by 284.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Plaza Midwood has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Plaza Midwood; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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