Is Advance, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Advance has remained a Seller's Market.
Housing Prices in Advance, NC
How much do homes in Advance, NC cost?
Median Sold Price
$385,550
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Advance was $385,550 in March 2024, up 4.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $980K | +931.6% |
2 Bedrooms | $169.9K | $202.5K | +19.2% |
3 Bedrooms | $343K | $381.2K | +11.2% |
4 Bedrooms | $447.5K | $579.6K | +29.5% |
5+ Bedrooms | $524.5K | $665K | +26.8% |
Summary: Advance housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 931.6%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
Advance | $370K | $385.5K | +4.2% |
Farmington Township | $358.5K | $363.7K | +1.5% |
Shady Grove Township | $415K | $410K | -1.2% |
Housing Supply in Advance, NC
How many homes are available in Advance, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 62 | +5.1% |
Summary: The Advance real estate market had 62 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Advance housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Advance in March 2024, up by 53.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Advance, NC
How long does it take to sell a home in Advance, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 47 Days | +106.7% |
Summary: Homes in Advance had an average of 47 days on market in Mar 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Advance; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.