$10,000 Closing Credit*
$1,400,000
6,922 SqFt
5 Beds
•5 Full Baths, 1 Partial
Craig McIntosh, Listing Office: Tyler Redhead & McAlister Real Estate, LLC
Is Summerfield, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$594,250
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,300(+5.2%)
Key Takeaway
Homes in Summerfield have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Summerfield was $594,250 in November 2024, up 5.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $180K | +23.7% |
| 2 Bedrooms | $250K | $215K | -14.0% |
| 3 Bedrooms | $425.5K | $420K | -1.3% |
| 4 Bedrooms | $694.9K | $750K | +7.9% |
| 5+ Bedrooms | $770.5K | $682.8K | -11.4% |
Summary: Summerfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Stokesdale | $435K | $475K | +9.2% |
| Summerfield | $564.9K | $594.2K | +5.2% |
| Bruce Township | $547.5K | $569K | +3.9% |
| Center Grove Township | $634.1K | $619.5K | -2.3% |
| Oak Ridge | $640K | $617.5K | -3.5% |
Housing Supply in Summerfield, NC
How many homes are available in Summerfield, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 69 | -4.2% |
Summary: The Summerfield real estate market had 69 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 53 | 49 | -7.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Summerfield 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 increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerfield, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Summerfield in November 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 51 Days | +153.5% |
Summary: Homes in Summerfield had an average of 51 days on market in Nov 2024, up by 153.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 15 homes were sold in Summerfield; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
