Is Iredell County, 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, Iredell County has remained a Seller's Market.
Housing Prices in Iredell County, NC
How much do homes in Iredell County, NC cost?
Median Sold Price
$384,855
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Iredell County was $384,855 in May 2024, up 1.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $155K | -6.1% |
2 Bedrooms | $220K | $225.3K | +2.4% |
3 Bedrooms | $320K | $334.8K | +4.6% |
4 Bedrooms | $472.6K | $492K | +4.1% |
5+ Bedrooms | $521K | $511.9K | -1.7% |
Summary: Iredell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Counties
Catawba County | $273K | $290.1K | +6.3% |
Davie County | $284.1K | $299.9K | +5.6% |
Alexander County | $261K | $275K | +5.4% |
Rowan County | $267.8K | $279.7K | +4.5% |
Iredell County | $378.4K | $384.8K | +1.7% |
Housing Supply in Iredell County, NC
How many homes are available in Iredell County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,177 | 1,280 | +8.8% |
Summary: The Iredell County real estate market had 1,280 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 100 | 104 | +4.0% |
3 Bedrooms | 534 | 595 | +11.4% |
4 Bedrooms | 389 | 409 | +5.1% |
5+ Bedrooms | 152 | 168 | +10.5% |
Summary: The Iredell County 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 increased by 4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
234 | 288 | +23.1% |
Asking Price vs. Sold Price
159 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 288 homes were sold or pending in Iredell County in May 2024, up by 23.1% month-over-month. Of the 288 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Iredell County, NC
How long does it take to sell a home in Iredell County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 45 Days | +18.2% |
Summary: Homes in Iredell County had an average of 45 days on market in May 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
163 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During May 2024, 288 homes were sold in Iredell County; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.