Is Wingate, 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, Wingate has remained a Seller's Market.
Key Takeaway
Wingate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wingate, NC
How much do homes in Wingate, NC cost?
Median Sold Price
$325,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wingate have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Wingate was $325,000 in May 2024, up 5.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $387.5K | N/A |
| 3 Bedrooms | $287K | $292K | +1.7% |
| 4 Bedrooms | $320.9K | $365K | +13.7% |
| 5+ Bedrooms | $325K | $447.5K | +37.7% |
Summary: Wingate 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 did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $290K | $349.9K | +20.7% |
| Monroe Township | $350.4K | $383.8K | +9.5% |
| Wingate | $309K | $325K | +5.2% |
Housing Supply in Wingate, NC
How many homes are available in Wingate, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Wingate real estate market had 21 homes for sale in May 2024, a 5.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wingate 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wingate, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wingate in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Wingate, NC
How long does it take to sell a home in Wingate, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 44 Days | -37.2% |
Summary: Homes in Wingate had an average of 44 days on market in May 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wingate are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Wingate; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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