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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boonville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Boonville, NC

How much do homes in Boonville, NC cost?

Median Sold Price

$234,950

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$50(0%)

Key Takeaway

The sold price of homes in Boonville has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $210K$196.7K
-6.3%
3 $234.9K$240K
+2.1%
4 $385K$318K
-17.4%
5+ $300K$221K
-26.3%

Summary: Boonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 26.3%.

Median Sold Price Compared To Nearby Cities

Boonville
0%
Boonville Township
0.0%

Housing Supply in Boonville, NC

How many homes are available in Boonville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
914+55.6%

Summary: The Boonville real estate market had 14 homes for sale in May 2024, a 55.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 612
+100.0%
4 10
-100.0%
5+ 00
0.0%

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

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boonville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Boonville in May 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Boonville, NC

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

Average Sale Time

May 2023May 2024CHANGE
41 Days89 Days+116.6%

Summary: Homes in Boonville had an average of 89 days on market in May 2024, up by 116.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in Boonville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 5 Days Ago

Newest Listings in Boonville, NC

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