$5,862 Closing Credit*
$493,600
2,502 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Angela Craghead Realty Group LLC
Is The Palisades, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, The Palisades was a Neutral Market.
Key Takeaway
The Palisades is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Palisades, NC
How much do homes in The Palisades, NC cost?
Median Sold Price
$749,500
$196/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$135,500(-15.3%)
Key Takeaway
Homes in The Palisades have sold for 15.3% less than they did a month ago.
Summary: The median home sold price in The Palisades was $749,500 in November 2024, down 15.3% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $480K | N/A |
| 4 Bedrooms | - | $760K | N/A |
| 5+ Bedrooms | $885K | $749.5K | -15.3% |
Summary: The Palisades housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in The Palisades, NC
How many homes are available in The Palisades, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The The Palisades real estate market had 29 homes for sale in November 2024, a 3.6% increase 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 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The The Palisades 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Palisades, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in The Palisades in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.
Days on Market for The Palisades, NC
How long does it take to sell a home in The Palisades, NC?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 33 Days | -64.1% |
Summary: Homes in The Palisades had an average of 33 days on market in Nov 2024, down by 64.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Palisades are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in The Palisades; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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