Is Youngsville, 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, Youngsville has remained a Seller's Market.
Key Takeaway
Youngsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Youngsville, NC
How much do homes in Youngsville, NC cost?
Median Sold Price
$438,116
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Youngsville have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Youngsville was $438,116 in May 2024, up 4.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $95K | -55.8% |
| 2 Bedrooms | $430K | $309.5K | -28.0% |
| 3 Bedrooms | $390K | $382.5K | -1.9% |
| 4 Bedrooms | $475.7K | $507.5K | +6.7% |
| 5+ Bedrooms | $467.5K | $500K | +7.0% |
Summary: Youngsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes decreased by 28%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Youngsville | $419.5K | $438.1K | +4.4% |
| Youngsville Township | $414.9K | $425K | +2.4% |
Housing Supply in Youngsville, NC
How many homes are available in Youngsville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 134 | +1.5% |
Summary: The Youngsville real estate market had 134 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 54 | 56 | +3.7% |
| 4 Bedrooms | 67 | 65 | -3.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Youngsville 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 remained the same, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Youngsville, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Youngsville in May 2024, down by 6.5% month-over-month. Of the 29 sold homes, 28% were sold under asking, 28% were sold at asking, and 45% were sold over asking.
Days on Market for Youngsville, NC
How long does it take to sell a home in Youngsville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 92 Days | 17 Days | -81.0% |
Summary: Homes in Youngsville had an average of 17 days on market in May 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Youngsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Youngsville; 90% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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