Is Seventy-First, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seventy-First is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Seventy-First has remained a Seller's Market.

Key Takeaway

Seventy-First is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seventy-First, NC

How much do homes in Seventy-First, NC cost?

Median Sold Price

$240,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+5.3%)

Key Takeaway

Homes in Seventy-First have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Seventy-First was $240,000 in October 2024, up 5.3% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $145K$151K
+4.1%
3 $213.5K$226.3K
+6.0%
4 $279.4K$289.9K
+3.7%
5+ $345K$363K
+5.2%

Summary: Seventy-First 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 4.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Neighborhoods

Douglas Byrd
+10.0%
Bonnie Doone
+9.1%
Westover
+8.1%
Seventy-First
+5.3%
Jack Britt
+4.2%

Housing Supply in Seventy-First, NC

How many homes are available in Seventy-First, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
151165+9.3%

Summary: The Seventy-First real estate market had 165 homes for sale in October 2024, a 9.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 90100
+11.1%
4 4751
+8.5%
5+ 87
-12.5%

Summary: The Seventy-First 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 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3536+2.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seventy-First, expect to pay close to the asking price. 47.2% of homes here sold near the asking price last month.

Summary: A total of 36 homes were sold or pending in Seventy-First in October 2024, up by 2.9% month-over-month. Of the 36 sold homes, 36% were sold under asking, 47% were sold at asking, and 17% were sold over asking.

Days on Market for Seventy-First, NC

How long does it take to sell a home in Seventy-First, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days29 Days-33.5%

Summary: Homes in Seventy-First had an average of 29 days on market in Oct 2024, down by 33.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 36 homes were sold in Seventy-First; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

Newest Listings in Seventy-First, NC

Nearby Markets to Seventy-First, NC