Is Terry Sanford, 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, Terry Sanford has remained a Seller's Market.
Housing Prices in Terry Sanford, NC
How much do homes in Terry Sanford, NC cost?
Median Sold Price
$190,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Terry Sanford was $190,000 in April 2024, up 13.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $76.7K | $101K | +31.6% |
3 Bedrooms | $165K | $186.2K | +12.9% |
4 Bedrooms | $263.5K | $257K | -2.5% |
5+ Bedrooms | $275.8K | $262.5K | -4.8% |
Summary: Terry Sanford 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 31.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Terry Sanford, NC
How many homes are available in Terry Sanford, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 93 | -7.0% |
Summary: The Terry Sanford real estate market had 93 homes for sale in April 2024, a 7.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 65 | 66 | +1.5% |
4 Bedrooms | 22 | 15 | -31.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Terry 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 20%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Terry Sanford in April 2024, up by 10.3% month-over-month. Of the 32 sold homes, 34% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Terry Sanford, NC
How long does it take to sell a home in Terry Sanford, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 25 Days | -59.4% |
Summary: Homes in Terry Sanford had an average of 25 days on market in Apr 2024, down by 59.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Terry Sanford; 66% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.