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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sims is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Sims was a Seller's Market.

Key Takeaway

Sims is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sims, NC

How much do homes in Sims, NC cost?

Median Sold Price

$321,049

$179/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$180,951(-36.0%)

Key Takeaway

Homes in Sims have sold for 36% less than they did a month ago.

Summary: The median home sold price in Sims was $321,049 in November 2024, down 36% from last month, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$277K
N/A
3 $539K$365K
-32.3%
4 $380K-
N/A
5+ --
N/A

Summary: Sims housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sims, NC

How many homes are available in Sims, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1915-21.1%

Summary: The Sims real estate market had 15 homes for sale in November 2024, a 21.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1310
-23.1%
4 43
-25.0%
5+ 00
0.0%

Summary: The Sims 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 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sims, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Sims in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Sims, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days74 Days+155.4%

Summary: Homes in Sims had an average of 74 days on market in Nov 2024, up by 155.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Sims; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Sims, NC

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