$5,938 Closing Credit*
$500,000
973 SqFt
2 Beds
•1 Full Bath
Listing Office: Corcoran HM Properties
Is The Arts District, 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, The Arts District was a Buyer's Market.
Key Takeaway
The Arts District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Arts District, NC
How much do homes in The Arts District, NC cost?
Median Sold Price
$468,140
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$31,860(-6.4%)
Key Takeaway
Homes in The Arts District have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in The Arts District was $468,140 in October 2024, down 6.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294.6K | $298.5K | +1.3% |
| 2 Bedrooms | $458.5K | $440K | -4.0% |
| 3 Bedrooms | $540K | $469.9K | -13.0% |
| 4 Bedrooms | $772.5K | $760K | -1.6% |
| 5+ Bedrooms | $979K | $1.3M | +40.9% |
Summary: The Arts District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 40.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Villa Heights | $572.4K | $611.5K | +6.8% |
| The Arts District | $500K | $468.1K | -6.4% |
Housing Supply in The Arts District, NC
How many homes are available in The Arts District, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Summary: The The Arts District real estate market had 49 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The The Arts District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Arts District, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in The Arts District in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for The Arts District, NC
How long does it take to sell a home in The Arts District, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 43 Days | -46.1% |
Summary: Homes in The Arts District had an average of 43 days on market in Oct 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in The Arts District has remained consistent over time.
Summary: During October 2024, 9 homes were sold in The Arts District; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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