Is Mount Holly, 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, Mount Holly has remained a Seller's Market.
Key Takeaway
Mount Holly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Holly, NC
How much do homes in Mount Holly, NC cost?
Median Sold Price
$344,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Mount Holly has remained the same since last year.
Summary: The median home sold price in Mount Holly was $344,500 in May 2024, up 0.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $237.5K | $249.9K | +5.2% |
| 3 Bedrooms | $320K | $330K | +3.1% |
| 4 Bedrooms | $421K | $417.5K | -0.8% |
| 5+ Bedrooms | $475K | $609.1K | +28.2% |
Summary: Mount Holly 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 increased by 5.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Riverbend Township | $336.4K | $350K | +4.0% |
| Mount Holly | $343.3K | $344.5K | 0.3% |
| South Point Township | $374.7K | $375.2K | 0.1% |
| Belmont | $443.4K | $410K | -7.5% |
Housing Supply in Mount Holly, NC
How many homes are available in Mount Holly, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 165 | +3.8% |
Summary: The Mount Holly real estate market had 165 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 80 | 84 | +5.0% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Mount Holly 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 decreased by 11.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Holly, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Mount Holly in May 2024, up by 18.4% month-over-month. Of the 45 sold homes, 44% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Mount Holly, NC
How long does it take to sell a home in Mount Holly, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +51.9% |
Summary: Homes in Mount Holly had an average of 26 days on market in May 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Holly are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Mount Holly; 76% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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