Is Conover, 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, Conover has remained a Seller's Market.
Key Takeaway
Conover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conover, NC
How much do homes in Conover, NC cost?
Median Sold Price
$289,900
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conover have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Conover was $289,900 in May 2024, up 5.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $177.7K | $179.9K | +1.2% |
| 3 Bedrooms | $274.9K | $282.2K | +2.6% |
| 4 Bedrooms | $295K | $366.4K | +24.2% |
| 5+ Bedrooms | $367.8K | $399.9K | +8.7% |
Summary: Conover 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 1.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Clines Township | $274.9K | $299.9K | +9.1% |
| Newton | $244.9K | $259.4K | +5.9% |
| Conover | $275K | $289.9K | +5.4% |
| Newton Township | $244.9K | $254.2K | +3.8% |
| Claremont | $233K | $235K | +0.9% |
Housing Supply in Conover, NC
How many homes are available in Conover, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 100 | +4.2% |
Summary: The Conover real estate market had 100 homes for sale in May 2024, a 4.2% 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 65 | 68 | +4.6% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Conover 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 decreased by 12.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conover, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Conover in May 2024, down by 16.7% month-over-month. Of the 25 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Conover, NC
How long does it take to sell a home in Conover, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +65.5% |
Summary: Homes in Conover had an average of 44 days on market in May 2024, up by 65.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conover are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Conover; 64% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.