$8,313 Closing Credit*
$700,000
2,415 SqFt
4 Beds
•2 Full Baths, 1 Partial
Lara Alexis Travars, Listing Office: Costello Real Estate & Investm
Is Siler City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Siler City was a Seller's Market.
Key Takeaway
Siler City 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 Siler City, NC
How much do homes in Siler City, NC cost?
Median Sold Price
$272,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 $272,500 in November 2024, up 1.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $199.5K | $205K | +2.8% |
| 3 Bedrooms | $285K | $285.7K | 0.3% |
| 4 Bedrooms | $260K | $330K | +26.9% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Siler City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Matthews Township | $509.5K | $528.4K | +3.7% |
| Siler City | $268.7K | $272.5K | +1.4% |
Housing Supply in Siler City, NC
How many homes are available in Siler City, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Siler City real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Siler City housing inventory by bedroom type for November 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 10.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Siler City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Siler City in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 45 Days | -43.9% |
Summary: Homes in Siler City had an average of 45 days on market in Nov 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 November 2024, 6 homes were sold in Siler City; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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