$8,905 Closing Credit*
$749,900
2,447 SqFt
3 Beds
•2 Full Baths
Listing Office: Mossy Oak Properties Land and Luxury
Is Rowan County, 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, Rowan County has remained a Seller's Market.
Key Takeaway
Rowan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rowan County, NC
How much do homes in Rowan County, NC cost?
Median Sold Price
$279,721
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,722(+3.2%)
Key Takeaway
Homes in Rowan County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Rowan County was $279,721 in October 2024, up 3.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | $165K | +13.8% |
| 2 Bedrooms | $189.9K | $207K | +9.0% |
| 3 Bedrooms | $264.9K | $282.1K | +6.5% |
| 4 Bedrooms | $349.7K | $340K | -2.8% |
| 5+ Bedrooms | $415K | $365K | -12.0% |
Summary: Rowan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Counties
| Davie County | $290.7K | $313.6K | +7.9% |
| Cabarrus County | $337.5K | $356.3K | +5.5% |
| Davidson County | $264.9K | $274.9K | +3.8% |
| Iredell County | $376.2K | $388.9K | +3.4% |
| Rowan County | $270.9K | $279.7K | +3.2% |
Housing Supply in Rowan County, NC
How many homes are available in Rowan County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 701 | 731 | +4.3% |
Summary: The Rowan County real estate market had 731 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 109 | 111 | +1.8% |
| 3 Bedrooms | 414 | 431 | +4.1% |
| 4 Bedrooms | 123 | 128 | +4.1% |
| 5+ Bedrooms | 48 | 54 | +12.5% |
Summary: The Rowan County 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 increased by 1.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 139 | +6.9% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rowan County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 139 homes were sold or pending in Rowan County in October 2024, up by 6.9% month-over-month. Of the 139 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Rowan County, NC
How long does it take to sell a home in Rowan County, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 45 Days | +46.9% |
Summary: Homes in Rowan County had an average of 45 days on market in Oct 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rowan County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 139 homes were sold in Rowan County; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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