Listing Office: RE/MAX Executive
Is Sawmills, 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, Sawmills has remained a Seller's Market.
Key Takeaway
Sawmills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sawmills, NC
How much do homes in Sawmills, NC cost?
Median Sold Price
$247,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.8%)
Key Takeaway
Homes in Sawmills have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Sawmills was $247,000 in October 2024, up 0.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $151K | $190.4K | +26.1% |
| 3 Bedrooms | $247.5K | $250K | +1.0% |
| 4 Bedrooms | $342.7K | $525K | +53.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sawmills 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 26.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 53.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hudson | $249.9K | $255K | +2.0% |
| Hudson Township | $249.9K | $254.9K | +2.0% |
| Sawmills | $245K | $247K | +0.8% |
| Lovelady Township | $289.5K | $291.2K | +0.6% |
| Granite Falls | $269.5K | $257K | -4.6% |
Housing Supply in Sawmills, NC
How many homes are available in Sawmills, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Sawmills real estate market had 14 homes for sale in October 2024, a 17.6% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sawmills 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sawmills, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sawmills in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Sawmills, NC
How long does it take to sell a home in Sawmills, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 19 Days | +147.5% |
Summary: Homes in Sawmills had an average of 19 days on market in Oct 2024, up by 147.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sawmills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Sawmills; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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