Is Asheboro, 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, Asheboro has remained a Seller's Market.
Housing Prices in Asheboro, NC
How much do homes in Asheboro, NC cost?
Median Sold Price
$247,200
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Asheboro was $247,200 in March 2024, up 16.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $135K | +42.1% |
2 Bedrooms | $145K | $177K | +22.1% |
3 Bedrooms | $225K | $255K | +13.3% |
4 Bedrooms | $329.7K | $280K | -15.1% |
5+ Bedrooms | $399K | $400K | 0.3% |
Summary: Asheboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Asheboro Township | $200K | $245.4K | +22.7% |
Asheboro | $212K | $247.2K | +16.6% |
Cedar Grove Township | $262.7K | $297.9K | +13.4% |
Grant Township | $275K | $279.9K | +1.8% |
Back Creek Township | $315K | $315.5K | 0.2% |
Housing Supply in Asheboro, NC
How many homes are available in Asheboro, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 143 | 0.0% |
Summary: The Asheboro real estate market had 143 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 85 | 81 | -4.7% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Asheboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 31 | -26.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Asheboro in March 2024, down by 26.2% month-over-month. Of the 31 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% were sold over asking.
Days on Market for Asheboro, NC
How long does it take to sell a home in Asheboro, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 31 Days | +5.1% |
Summary: Homes in Asheboro had an average of 31 days on market in Mar 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Asheboro; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.