Is Haw River, 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, Haw River has remained a Seller's Market.
Key Takeaway
Haw River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Haw River, NC
How much do homes in Haw River, NC cost?
Median Sold Price
$329,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Haw River have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Haw River was $329,000 in May 2024, down 1.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $238.5K | $178.5K | -25.2% |
| 3 Bedrooms | $278K | $279.9K | +0.7% |
| 4 Bedrooms | $375K | $350.2K | -6.6% |
| 5+ Bedrooms | $346K | $365.7K | +5.7% |
Summary: Haw River 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 25.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Haw River | $334.7K | $329K | -1.7% |
| Burlington | $270K | $264.9K | -1.9% |
| Graham | $339.6K | $329K | -3.1% |
Housing Supply in Haw River, NC
How many homes are available in Haw River, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Summary: The Haw River real estate market had 51 homes for sale in May 2024, a 5.6% decrease 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Haw River 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 50%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Haw River, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Haw River in May 2024, up by 81.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for Haw River, NC
How long does it take to sell a home in Haw River, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 70 Days | +99.8% |
Summary: Homes in Haw River had an average of 70 days on market in May 2024, up by 99.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Haw River are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Haw River; 50% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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