$5,914 Closing Credit*
$498,000
2,460 SqFt
3 Beds
•2 Full Baths, 1 Partial
Karen Kimrey, Listing Office: Triad's Finest Real Estate by eXp Realty
Is Summerfield, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Summerfield has remained a Seller's Market.
Key Takeaway
Summerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summerfield, NC
How much do homes in Summerfield, NC cost?
Median Sold Price
$585,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,975(+5.6%)
Key Takeaway
Homes in Summerfield have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Summerfield was $585,000 in October 2024, up 5.6% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $180K | +23.7% |
| 2 Bedrooms | $262.5K | $215K | -18.1% |
| 3 Bedrooms | $417.5K | $420K | +0.6% |
| 4 Bedrooms | $667.5K | $755K | +13.1% |
| 5+ Bedrooms | $621K | $682.8K | +10.0% |
Summary: Summerfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Stokesdale | $433.7K | $467.4K | +7.8% |
| Summerfield | $554K | $585K | +5.6% |
| Bruce Township | $545K | $570.2K | +4.6% |
| Center Grove Township | $628.9K | $629K | 0.0% |
| Oak Ridge | $635K | $621.9K | -2.0% |
Housing Supply in Summerfield, NC
How many homes are available in Summerfield, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 77 | +5.5% |
Summary: The Summerfield real estate market had 77 homes for sale in October 2024, a 5.5% 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 | 0 | -100.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 52 | 57 | +9.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Summerfield 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 decreased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerfield, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Summerfield in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Summerfield, NC
How long does it take to sell a home in Summerfield, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +7.7% |
Summary: Homes in Summerfield had an average of 34 days on market in Oct 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Summerfield; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
