Is Salisbury, 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, Salisbury has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $106.5K | -55.6% |
2 Bedrooms | $170K | $195K | +14.7% |
3 Bedrooms | $250K | $274.9K | +10.0% |
4 Bedrooms | $322.5K | $330K | +2.3% |
5+ Bedrooms | $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 | $259K | $302K | +16.6% |
Locke Township | $280K | $311K | +11.1% |
Salisbury Township | $245K | $270.8K | +10.5% |
Salisbury | $250K | $275K | +10.0% |
Granite Quarry | $307.5K | $289.9K | -5.7% |
Housing Supply in Salisbury, NC
How many homes are available in Salisbury, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
414 | 435 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 53 | 57 | +7.5% |
3 Bedrooms | 230 | 256 | +11.3% |
4 Bedrooms | 101 | 92 | -8.9% |
5+ Bedrooms | 26 | 26 | 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 2024 | May 2024 | CHANGE |
---|---|---|
92 | 86 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 55 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
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.