Is Balsam Grove, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Balsam Grove has remained a Seller's Market.
Key Takeaway
Balsam Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Balsam Grove, NC
How much do homes in Balsam Grove, NC cost?
Median Sold Price
$165,000
$109/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Balsam Grove have sold for 38.9% less than they did a month ago.
Summary: The median home sold price in Balsam Grove was $165,000 in June 2024, down 38.9% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | - | N/A |
| 3 Bedrooms | - | $165K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Balsam Grove housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Balsam Grove, NC
How many homes are available in Balsam Grove, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Balsam Grove real estate market had 4 homes for sale in June 2024, a 20.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Balsam Grove housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Balsam Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Balsam Grove in June 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Balsam Grove, NC
How long does it take to sell a home in Balsam Grove, NC?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 303 Days | 135 Days | -55.4% |
Summary: Homes in Balsam Grove had an average of 135 days on market in Jun 2024, down by 55.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Balsam Grove are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 1 homes were sold in Balsam Grove; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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