Is State Road, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing State Road is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, State Road was a Seller's Market.

Key Takeaway

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

Housing Prices in State Road, NC

How much do homes in State Road, NC cost?

Median Sold Price

$362,500

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$151,750(+72.0%)

Key Takeaway

Homes in State Road have sold for 72% more than they did a year ago.

Summary: The median home sold price in State Road was $362,500 in October 2024, up 72% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $173.9K$63.8K
-63.3%
3 $210.7K$361.2K
+71.4%
4 $410K$805K
+96.3%
5+ --
N/A

Summary: State Road 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 63.3%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 96.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

State Road
+72.0%
Elkin Township
+14.8%
Elkin
+7.1%

Housing Supply in State Road, NC

How many homes are available in State Road, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1116+45.5%

Summary: The State Road real estate market had 16 homes for sale in October 2024, a 45.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 610
+66.7%
4 44
0.0%
5+ 00
0.0%

Summary: The State Road 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in State Road, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in State Road in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for State Road, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days2 Days-91.1%

Summary: Homes in State Road had an average of 2 days on market in Oct 2024, down by 91.1% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in State Road; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in State Road, NC

Nearby Markets to State Road, NC

What housing markets are near State Road, NC?