$2,173 Closing Credit*
$183,000
2,128 SqFt
4 Beds
•3 Full Baths
Listing Office: Meredith Christy Real Estate
Is Siler City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Siler City was a Seller's Market.
Key Takeaway
Siler City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Siler City, NC
How much do homes in Siler City, NC cost?
Median Sold Price
$273,750
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,750(+1.4%)
Key Takeaway
Homes in Siler City have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Siler City was $273,750 in October 2024, up 1.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $140K | -60.0% |
| 2 Bedrooms | $217K | $205K | -5.5% |
| 3 Bedrooms | $287.2K | $312.2K | +8.7% |
| 4 Bedrooms | $271K | $320K | +18.1% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Siler City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Matthews Township | $504K | $532.8K | +5.7% |
| Siler City | $270K | $273.7K | +1.4% |
Housing Supply in Siler City, NC
How many homes are available in Siler City, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Siler City real estate market had 41 homes for sale in October 2024, a 7.9% increase 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 | 26 | 29 | +11.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Siler City 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 increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Siler City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Siler City in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Siler City, NC
How long does it take to sell a home in Siler City, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 28 Days | -57.2% |
Summary: Homes in Siler City had an average of 28 days on market in Oct 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Siler City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Siler City; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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