Is Salisbury, 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, Salisbury has remained a Seller's Market.
Housing Prices in Salisbury, NC
How much do homes in Salisbury, NC cost?
Median Sold Price
$274,966
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salisbury was $274,966 in April 2024, up 10% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $200K | +2.6% |
2 Bedrooms | $175K | $187K | +6.9% |
3 Bedrooms | $249.9K | $268.9K | +7.6% |
4 Bedrooms | $325.2K | $337.5K | +3.8% |
5+ Bedrooms | $463.5K | $462.5K | -0.2% |
Summary: Salisbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $260.6K | $300K | +15.1% |
Salisbury Township | $243.2K | $270.1K | +11.0% |
Salisbury | $250K | $274.9K | +10.0% |
Locke Township | $285K | $311K | +9.1% |
Granite Quarry | $346.7K | $296K | -14.6% |
Housing Supply in Salisbury, NC
How many homes are available in Salisbury, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
392 | 425 | +8.4% |
Summary: The Salisbury real estate market had 425 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 54 | 55 | +1.9% |
3 Bedrooms | 235 | 238 | +1.3% |
4 Bedrooms | 79 | 103 | +30.4% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Salisbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 87 | +29.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Salisbury in April 2024, up by 29.9% month-over-month. Of the 87 sold homes, 46% were sold under asking, 32% were sold at asking, and 22% were sold over asking.
Days on Market for Salisbury, NC
How long does it take to sell a home in Salisbury, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 48 Days | +37.0% |
Summary: Homes in Salisbury had an average of 48 days on market in Apr 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 87 homes were sold in Salisbury; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.