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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Asheboro is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$7,750(+3.3%)

Key Takeaway

Homes in Asheboro have sold for 3.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $117K$153K
+30.8%
2 $156.5K$177.5K
+13.4%
3 $245K$257K
+4.9%
4 $339.5K$330K
-2.8%
5+ $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
+11.1%
Back Creek Township
+4.7%
Asheboro Township
+4.3%
Asheboro
+3.3%
Grant Township
+1.8%

Housing Supply in Asheboro, NC

How many homes are available in Asheboro, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
156160+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 3426
-23.5%
3 8997
+9.0%
4 2429
+20.8%
5+ 98
-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 2024May 2024CHANGE
4247+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Asheboro, you may be able to get a good deal. 63.8% of homes here sold below asking price last month.

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 2023May 2024CHANGE
26 Days31 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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