Is Salisbury, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Salisbury was a Seller's Market.

Key Takeaway

Salisbury is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Salisbury, NC

How much do homes in Salisbury, NC cost?

Median Sold Price

$276,583

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,583(+6.4%)

Key Takeaway

Homes in Salisbury have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Salisbury was $276,583 in October 2024, up 6.4% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$149K
-25.5%
2 $185.9K$199.9K
+7.6%
3 $255K$280K
+9.8%
4 $320K$335K
+4.7%
5+ $450K$392.7K
-12.7%

Summary: Salisbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Cities

Locke Township
+17.0%
Franklin Township
+9.8%
Salisbury
+6.4%
Salisbury Township
+4.4%
Granite Quarry
-0.3%

Housing Supply in Salisbury, NC

How many homes are available in Salisbury, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
461480+4.1%

Summary: The Salisbury real estate market had 480 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 7273
+1.4%
3 264279
+5.7%
4 8784
-3.4%
5+ 3137
+19.4%

Summary: The Salisbury 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 1.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 19.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8479-6.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you may be able to get a good deal. 70.9% of homes here sold below asking price last month.

Summary: A total of 79 homes were sold or pending in Salisbury in October 2024, down by 6.0% month-over-month. Of the 79 sold homes, 71% were sold under asking, 24% were sold at asking, and 5% were sold over asking.

Days on Market for Salisbury, NC

How long does it take to sell a home in Salisbury, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days47 Days+44.0%

Summary: Homes in Salisbury had an average of 47 days on market in Oct 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Salisbury are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 79 homes were sold in Salisbury; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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