$350,000
Land
Listing Office: Emerald Pointe Realty
Is Wingate, 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, Wingate was a Seller's Market.
Key Takeaway
Wingate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wingate, NC
How much do homes in Wingate, NC cost?
Median Sold Price
$332,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,500(+6.6%)
Key Takeaway
Homes in Wingate have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Wingate was $332,500 in October 2024, up 6.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $355K | N/A |
| 3 Bedrooms | $279K | $320K | +14.7% |
| 4 Bedrooms | $357.5K | $337.4K | -5.6% |
| 5+ Bedrooms | $320K | $448.7K | +40.2% |
Summary: Wingate 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 did not change, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 40.2%.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $325K | $349.9K | +7.7% |
| Wingate | $312K | $332.5K | +6.6% |
| Monroe Township | $368K | $392.1K | +6.5% |
Housing Supply in Wingate, NC
How many homes are available in Wingate, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Wingate real estate market had 30 homes for sale in October 2024, a 11.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Wingate 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 21.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wingate, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Wingate in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wingate, NC
How long does it take to sell a home in Wingate, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 13 Days | -51.1% |
Summary: Homes in Wingate had an average of 13 days on market in Oct 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wingate are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Wingate; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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