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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Salisbury, NC

How much do homes in Salisbury, NC cost?

Median Sold Price

$275,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+10.0%)

Key Takeaway

Homes in Salisbury have sold for 10% more than they did a year ago.

Summary: The median home sold price in Salisbury was $275,000 in May 2024, up 10% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $240K$106.5K
-55.6%
2 $170K$195K
+14.7%
3 $250K$274.9K
+10.0%
4 $322.5K$330K
+2.3%
5+ $425K$482.5K
+13.5%

Summary: Salisbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

Franklin Township
+16.6%
Locke Township
+11.1%
Salisbury Township
+10.5%
Salisbury
+10.0%
Granite Quarry
-5.7%

Housing Supply in Salisbury, NC

How many homes are available in Salisbury, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
414435+5.1%

Summary: The Salisbury real estate market had 435 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 5357
+7.5%
3 230256
+11.3%
4 10192
-8.9%
5+ 2626
0.0%

Summary: The Salisbury 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 7.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
9286-6.5%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 86 homes were sold or pending in Salisbury in May 2024, down by 6.5% month-over-month. Of the 86 sold homes, 52% were sold under asking, 21% were sold at asking, and 27% were sold over asking.

Days on Market for Salisbury, NC

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

Average Sale Time

May 2023May 2024CHANGE
35 Days55 Days+55.0%

Summary: Homes in Salisbury had an average of 55 days on market in May 2024, up by 55% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 86 homes were sold in Salisbury; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% 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

Newest Listings in Salisbury, NC

Nearby Markets to Salisbury, NC

What housing markets are near Salisbury, NC?