Is West End, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West End is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in West End, NC

How much do homes in West End, NC cost?

Median Sold Price

$470,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+6.9%)

Key Takeaway

Homes in West End have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in West End was $470,000 in October 2024, up 6.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $231.5K$267K
+15.3%
3 $415K$427K
+2.9%
4 $475K$540K
+13.7%
5+ $682.2K$610.1K
-10.6%

Summary: West End 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 increased by 15.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 10.6%.

Median Sold Price Compared To Nearby Cities

Jackson Springs
+13.7%
Foxfire
+11.2%
Pinehurst
+8.0%
West End
+6.9%

Housing Supply in West End, NC

How many homes are available in West End, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8784-3.4%

Summary: The West End real estate market had 84 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5754
-5.3%
4 2728
+3.7%
5+ 21
-50.0%

Summary: The West End 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West End, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in West End in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 47% were sold at asking, and 0% were sold over asking.

Days on Market for West End, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days38 Days-45.3%

Summary: Homes in West End had an average of 38 days on market in Oct 2024, down by 45.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in West End; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in West End, NC

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