Is Fourth Ward, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fourth Ward has remained a Seller's Market.
Key Takeaway
Fourth Ward is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fourth Ward, NC
How much do homes in Fourth Ward, NC cost?
Median Sold Price
$374,500
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fourth Ward have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Fourth Ward was $374,500 in May 2024, up 6.2% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $320K | +12.3% |
| 2 Bedrooms | $425K | $515K | +21.2% |
| 3 Bedrooms | $513.5K | $575K | +12.0% |
| 4 Bedrooms | - | $2.8M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fourth Ward housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 12%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Fourth Ward | $352.5K | $374.5K | +6.2% |
| Biddleville | $610K | $606.3K | -0.6% |
| First Ward | $337.5K | $306K | -9.3% |
Housing Supply in Fourth Ward, NC
How many homes are available in Fourth Ward, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 83 | +23.9% |
Summary: The Fourth Ward real estate market had 83 homes for sale in May 2024, a 23.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 36 | +16.1% |
| 2 Bedrooms | 28 | 37 | +32.1% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fourth Ward housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fourth Ward, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Fourth Ward in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Fourth Ward, NC
How long does it take to sell a home in Fourth Ward, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 18 Days | -46.4% |
Summary: Homes in Fourth Ward had an average of 18 days on market in May 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fourth Ward are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Fourth Ward; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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