Is Thomasville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thomasville is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Thomasville has remained a Seller's Market.

Key Takeaway

Thomasville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Thomasville, NC

How much do homes in Thomasville, NC cost?

Median Sold Price

$247,666

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,666(+6.8%)

Key Takeaway

Homes in Thomasville have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Thomasville was $247,666 in December 2024, up 6.8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $71.2K$40K
-43.9%
2 $150K$158.9K
+5.9%
3 $235K$250K
+6.4%
4 $305K$350K
+14.8%
5+ $365K$375K
+2.7%

Summary: Thomasville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Thomasville Township
+7.0%
Thomasville
+6.8%
Trinity Township
-1.9%
Trinity
-3.0%

Housing Supply in Thomasville, NC

How many homes are available in Thomasville, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
170143-15.9%

Summary: The Thomasville real estate market had 143 homes for sale in December 2024, a 15.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 4436
-18.2%
3 10988
-19.3%
4 1516
+6.7%
5+ 11
0.0%

Summary: The Thomasville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4737-21.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thomasville, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Thomasville in December 2024, down by 21.3% month-over-month. Of the 37 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% were sold over asking.

Days on Market for Thomasville, NC

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

Average Sale Time

Dec 2023Dec 2024CHANGE
18 Days33 Days+82.8%

Summary: Homes in Thomasville had an average of 33 days on market in Dec 2024, up by 82.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 37 homes were sold in Thomasville; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% 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 4 Days Ago

Newest Listings in Thomasville, NC

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