Is Monkey Junction, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monkey Junction is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Monkey Junction, NC

How much do homes in Monkey Junction, NC cost?

Median Sold Price

$325,000

$227/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since May 2023.

Key Takeaway

The sold price of homes in Monkey Junction has remained the same since last year.

Summary: The median home sold price in Monkey Junction was $325,000 in May 2024, the same as last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $246.7K$260K
+5.4%
3 $347.6K$367.4K
+5.7%
4 $557.4K$525K
-5.8%
5+ $704K$715.5K
+1.6%

Summary: Monkey Junction 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 5.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 1.6%.

Housing Supply in Monkey Junction, NC

How many homes are available in Monkey Junction, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4845-6.3%

Summary: The Monkey Junction real estate market had 45 homes for sale in May 2024, a 6.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1921
+10.5%
3 2218
-18.2%
4 65
-16.7%
5+ 11
0.0%

Summary: The Monkey Junction 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 increased by 10.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monkey Junction, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Monkey Junction in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.

Days on Market for Monkey Junction, NC

How long does it take to sell a home in Monkey Junction, NC?

Average Sale Time

May 2023May 2024CHANGE
13 Days39 Days+197.2%

Summary: Homes in Monkey Junction had an average of 39 days on market in May 2024, up by 197.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Monkey Junction; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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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