$4,511 Closing Credit*
$379,900
1,758 SqFt
3 Beds
•2 Full Baths
Mary Uren, Listing Office: Leonard Ryden Burr Real Estate
Is South Fork, 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, South Fork was a Seller's Market.
Key Takeaway
South Fork is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Fork, NC
How much do homes in South Fork, NC cost?
Median Sold Price
$255,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+2.0%)
Key Takeaway
Homes in South Fork have sold for 2% more than they did a year ago.
Summary: The median home sold price in South Fork was $255,000 in November 2024, up 2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $150K | $154.5K | +3.0% |
| 3 Bedrooms | $248.7K | $287.5K | +15.6% |
| 4 Bedrooms | $469K | $444.4K | -5.2% |
| 5+ Bedrooms | $512.9K | $1.2M | +143.7% |
Summary: South Fork 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 3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 143.7%.
Housing Supply in South Fork, NC
How many homes are available in South Fork, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The South Fork real estate market had 31 homes for sale in November 2024, a 10.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Fork housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Fork, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Fork in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for South Fork, NC
How long does it take to sell a home in South Fork, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 8 Days | -5.9% |
Summary: Homes in South Fork had an average of 8 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Fork are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in South Fork; 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.
