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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmore is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wilmore has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wilmore, NC

How much do homes in Wilmore, NC cost?

Median Sold Price

$712,250

$374/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$57,300(+8.7%)

Key Takeaway

Homes in Wilmore have sold for 8.7% more than they did a month ago.

Summary: The median home sold price in Wilmore was $712,250 in October 2024, up 8.7% from last month, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $575K-
N/A
2 $485K$600K
+23.7%
3 $649.9K$692.5K
+6.6%
4 $937.5K$740K
-21.1%
5+ -$1.1M
N/A

Summary: Wilmore housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes did not change.

Housing Supply in Wilmore, NC

How many homes are available in Wilmore, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3022-26.7%

Summary: The Wilmore real estate market had 22 homes for sale in October 2024, a 26.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 1715
-11.8%
4 72
-71.4%
5+ 23
+50.0%

Summary: The Wilmore housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmore, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Wilmore in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Wilmore, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
38 Days48 Days+23.4%

Summary: Homes in Wilmore had an average of 48 days on market in Oct 2024, up by 23.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wilmore has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Wilmore; 38% of homes were sold within 30 days, 50% 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 13 Days Ago

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