Is Bermuda Run, 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, Bermuda Run has remained a Seller's Market.
Key Takeaway
Bermuda Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bermuda Run, NC
How much do homes in Bermuda Run, NC cost?
Median Sold Price
$271,750
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bermuda Run have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Bermuda Run was $271,750 in April 2024, up 13.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $177K | $184.9K | +4.5% |
| 3 Bedrooms | $325K | $432.5K | +33.1% |
| 4 Bedrooms | $566.2K | $710K | +25.4% |
| 5+ Bedrooms | $637.5K | $975K | +52.9% |
Summary: Bermuda Run 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 4.5%, 3 bedroom homes increased by 33.1%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 52.9%.
Median Sold Price Compared To Nearby Cities
| Bermuda Run | $240K | $271.7K | +13.2% |
| Farmington Township | $335.5K | $368.2K | +9.8% |
| Advance | $370K | $385.7K | +4.3% |
Housing Supply in Bermuda Run, NC
How many homes are available in Bermuda Run, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Bermuda Run real estate market had 28 homes for sale in April 2024, a 6.7% decrease 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 | 16 | 14 | -12.5% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bermuda Run 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 12.5%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bermuda Run, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bermuda Run in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Bermuda Run, NC
How long does it take to sell a home in Bermuda Run, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 99 Days | 52 Days | -47.7% |
Summary: Homes in Bermuda Run had an average of 52 days on market in Apr 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bermuda Run are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bermuda Run; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
