$2,731 Closing Credit*
$230,000
1,213 SqFt
3 Beds
•1 Full Bath, 1 Partial
Cameron Lovelace, Listing Office: Berkshire Hathaway HomeServices Yost & Little Realty
Is Sophia, 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, Sophia was a Neutral Market.
Key Takeaway
Sophia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sophia, NC
How much do homes in Sophia, NC cost?
Median Sold Price
$250,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-13.8%)
Key Takeaway
Homes in Sophia have sold for 13.8% less than they did a year ago.
Summary: The median home sold price in Sophia was $250,000 in October 2024, down 13.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $205K | $192.2K | -6.2% |
| 3 Bedrooms | $290K | $250K | -13.8% |
| 4 Bedrooms | - | $240K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sophia 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 decreased by 6.2%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Randleman | $250K | $267K | +6.8% |
| Randleman Township | $253.5K | $267K | +5.3% |
| New Market Township | $278.5K | $248.5K | -10.8% |
| Sophia | $290K | $250K | -13.8% |
Housing Supply in Sophia, NC
How many homes are available in Sophia, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Sophia real estate market had 14 homes for sale in October 2024, a 7.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sophia 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sophia, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Sophia in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Sophia, NC
How long does it take to sell a home in Sophia, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +100.0% |
Summary: Homes in Sophia had an average of 8 days on market in Oct 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sophia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Sophia; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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