$4,453 Closing Credit*
$375,000
1,846 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Unified
Is Troutman, 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, Troutman was a Seller's Market.
Key Takeaway
Troutman is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Troutman, NC
How much do homes in Troutman, NC cost?
Median Sold Price
$397,926
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,663(+7.5%)
Key Takeaway
Homes in Troutman have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Troutman was $397,926 in October 2024, up 7.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $530K | $240K | -54.7% |
| 3 Bedrooms | $352.9K | $375K | +6.3% |
| 4 Bedrooms | $385K | $437K | +13.5% |
| 5+ Bedrooms | $430K | $489.9K | +14.0% |
Summary: Troutman housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 54.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Statesville Township | $269.5K | $299.9K | +11.3% |
| Troutman | $370.2K | $397.9K | +7.5% |
| Fallstown Township | $395.9K | $405.8K | +2.5% |
| Barringer Township | $360K | $367.2K | +2.0% |
Housing Supply in Troutman, NC
How many homes are available in Troutman, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 220 | +2.3% |
Summary: The Troutman real estate market had 220 homes for sale in October 2024, a 2.3% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 104 | 96 | -7.7% |
| 4 Bedrooms | 73 | 82 | +12.3% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The Troutman 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 increased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troutman, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Troutman in October 2024, up by 3.0% month-over-month. Of the 34 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% were sold over asking.
Days on Market for Troutman, NC
How long does it take to sell a home in Troutman, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 57 Days | +197.3% |
Summary: Homes in Troutman had an average of 57 days on market in Oct 2024, up by 197.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Troutman are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in Troutman; 38% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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