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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilkesboro is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Wilkesboro was a Seller's Market.

Key Takeaway

Wilkesboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wilkesboro, NC

How much do homes in Wilkesboro, NC cost?

Median Sold Price

$311,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,000(+7.2%)

Key Takeaway

Homes in Wilkesboro have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Wilkesboro was $311,000 in May 2024, up 7.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$208.5K
N/A
2 $184.3K$228K
+23.7%
3 $287.4K$300K
+4.4%
4 $440K$485K
+10.2%
5+ $376.5K$795K
+111.2%

Summary: Wilkesboro 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 23.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 111.2%.

Median Sold Price Compared To Nearby Cities

North Wilkesboro
+12.4%
North Wilkesboro Township
+12.4%
Reddies River Township
+9.9%
Wilkesboro
+7.2%
Wilkesboro Township
+4.4%

Housing Supply in Wilkesboro, NC

How many homes are available in Wilkesboro, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4550+11.1%

Summary: The Wilkesboro real estate market had 50 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 77
0.0%
3 2122
+4.8%
4 1216
+33.3%
5+ 43
-25.0%

Summary: The Wilkesboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilkesboro, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Wilkesboro in May 2024, up by 300.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Wilkesboro, NC

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

Average Sale Time

May 2023May 2024CHANGE
56 Days47 Days-15.4%

Summary: Homes in Wilkesboro had an average of 47 days on market in May 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Wilkesboro; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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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