Is Monkey Junction, 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, Monkey Junction has remained a Seller's Market.
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.
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $246.7K | $260K | +5.4% |
3 Bedrooms | $347.6K | $367.4K | +5.7% |
4 Bedrooms | $557.4K | $525K | -5.8% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
48 | 45 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 22 | 18 | -18.2% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 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 2024 | May 2024 | CHANGE |
---|---|---|
14 | 12 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 39 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
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.