Is Bermuda Run, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bermuda Run has remained a Seller's Market.
Housing Prices in Bermuda Run, NC
How much do homes in Bermuda Run, NC cost?
Median Sold Price
$271,750
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bermuda Run was $271,750 in April 2024, up 13.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $177K | $184.9K | +4.5% |
3 Bedrooms | $325K | $432.5K | +33.1% |
4 Bedrooms | $566.2K | $710K | +25.4% |
5+ Bedrooms | $637.5K | $975K | +52.9% |
Summary: Bermuda Run housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 33.1%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 52.9%.
Median Sold Price Compared To Nearby Cities
Bermuda Run | $240K | $271.7K | +13.2% |
Farmington Township | $335.5K | $368.2K | +9.8% |
Advance | $370K | $385.7K | +4.3% |
Housing Supply in Bermuda Run, NC
How many homes are available in Bermuda Run, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Summary: The Bermuda Run real estate market had 28 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bermuda Run housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bermuda Run in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Bermuda Run, NC
How long does it take to sell a home in Bermuda Run, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
99 Days | 52 Days | -47.7% |
Summary: Homes in Bermuda Run had an average of 52 days on market in Apr 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Bermuda Run; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.