Is Asheboro, 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, Asheboro has remained a Seller's Market.
Housing Prices in Asheboro, NC
How much do homes in Asheboro, NC cost?
Median Sold Price
$245,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Asheboro was $245,000 in May 2024, up 3.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $153K | +30.8% |
2 Bedrooms | $156.5K | $177.5K | +13.4% |
3 Bedrooms | $245K | $257K | +4.9% |
4 Bedrooms | $339.5K | $330K | -2.8% |
5+ Bedrooms | $379K | $400K | +5.5% |
Summary: Asheboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $270K | $300K | +11.1% |
Back Creek Township | $320K | $335K | +4.7% |
Asheboro Township | $235K | $245K | +4.3% |
Asheboro | $237.2K | $245K | +3.3% |
Grant Township | $275K | $279.9K | +1.8% |
Housing Supply in Asheboro, NC
How many homes are available in Asheboro, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
156 | 160 | +2.6% |
Summary: The Asheboro real estate market had 160 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 34 | 26 | -23.5% |
3 Bedrooms | 89 | 97 | +9.0% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Asheboro 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 23.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Asheboro in May 2024, up by 11.9% month-over-month. Of the 47 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for Asheboro, NC
How long does it take to sell a home in Asheboro, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 31 Days | +21.5% |
Summary: Homes in Asheboro had an average of 31 days on market in May 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Asheboro; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.