Is Bessemer City, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bessemer City is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Bessemer City was a Neutral Market.

Key Takeaway

Bessemer City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Bessemer City, NC cost?

Median Sold Price

$206,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$41,000(+24.8%)

Key Takeaway

Homes in Bessemer City have sold for 24.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$91.9K
N/A
2 $99.5K$120K
+20.6%
3 $180K$226K
+25.6%
4 $231.5K$270K
+16.6%
5+ $180K-
N/A

Median Sold Price Compared To Nearby Cities

Cherryville Township
+25.3%
Bessemer City
+24.8%
Gastonia
+20.4%
Crowders Mountain Township
+15.9%

How many homes are available in Bessemer City, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
3231-3.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 45
+25.0%
3 1717
0.0%
4 96
-33.3%
5+ 23
+50.0%

Number of Homes Sold

Sep 2022Oct 2022%
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bessemer City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days52 Days+444.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bessemer City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bessemer City, NC

There are 31 homes are for sale in Bessemer City, NC real estate market. The number of homes for sale in Bessemer City, NC decreased by 3.1% between September 2022 and October 2022. In October 2022 median list price was $206,000 and the average listing age was 52 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 20.6%, prices of 3 bedrooms properties increased by 25.6%, prices of 4 bedrooms properties went up by 16.6%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 25%, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes went down by 33.3%, volume of 5 bedrooms homes went up by 50%. Bessemer City, NC housing market in October 2022 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 1 sold below.

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