Is Old Fort, 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, Old Fort has remained a Buyer's Market.
Key Takeaway
Old Fort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Fort, NC
How much do homes in Old Fort, NC cost?
Median Sold Price
$315,950
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Old Fort have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Old Fort was $315,950 in May 2024, up 5.3% from 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 | $200K | $290K | +45.0% |
| 2 Bedrooms | $300K | $314K | +4.7% |
| 3 Bedrooms | $302.5K | $323.5K | +6.9% |
| 4 Bedrooms | - | $110K | N/A |
| 5+ Bedrooms | $605K | $367.5K | -39.3% |
Summary: Old Fort housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
| Old Fort Township | $272.5K | $315K | +15.6% |
| Old Fort | $300K | $315.9K | +5.3% |
Housing Supply in Old Fort, NC
How many homes are available in Old Fort, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Old Fort real estate market had 30 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Old Fort 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 18.2%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fort, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Old Fort in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Fort, NC
How long does it take to sell a home in Old Fort, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 75 Days | +2042.9% |
Summary: Homes in Old Fort had an average of 75 days on market in May 2024, up by 2042.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Fort are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Old Fort; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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