Is Sanford, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sanford was a Seller's Market.
Housing Prices in Sanford, NC
How much do homes in Sanford, NC cost?
Median Sold Price
$315,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sanford was $315,000 in April 2024, up 5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $198K | -2.2% |
2 Bedrooms | $200K | $225K | +12.5% |
3 Bedrooms | $290K | $300K | +3.4% |
4 Bedrooms | $360K | $360K | 0.0% |
5+ Bedrooms | $442.6K | $485K | +9.6% |
Summary: Sanford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.6%.
Housing Supply in Sanford, NC
How many homes are available in Sanford, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
356 | 383 | +7.6% |
Summary: The Sanford real estate market had 383 homes for sale in April 2024, a 7.6% increase 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 | 22 | 17 | -22.7% |
3 Bedrooms | 200 | 225 | +12.5% |
4 Bedrooms | 112 | 115 | +2.7% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Sanford 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 22.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 63 | -18.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Sanford in April 2024, down by 18.2% month-over-month. Of the 63 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for Sanford, NC
How long does it take to sell a home in Sanford, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 50 Days | -41.7% |
Summary: Homes in Sanford had an average of 50 days on market in Apr 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Sanford; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.