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 seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Bessemer City has remained a Seller's Market.

Key Takeaway

Bessemer City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bessemer City, NC

How much do homes in Bessemer City, NC cost?

Median Sold Price

$240,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+4.3%)

Key Takeaway

Homes in Bessemer City have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Bessemer City was $240,000 in March 2024, up 4.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $104.9K$59K
-43.8%
2 $155K$168K
+8.4%
3 $238.5K$246.5K
+3.4%
4 $339.2K$374.9K
+10.5%
5+ $385K$370K
-3.9%

Summary: Bessemer City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Bessemer City
+4.3%
Crowders Mountain Township
+2.0%
Cherryville Township
+1.0%

Housing Supply in Bessemer City, NC

How many homes are available in Bessemer City, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5972+22.0%

Summary: The Bessemer City real estate market had 72 homes for sale in March 2024, a 22.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 3849
+28.9%
4 1012
+20.0%
5+ 21
-50.0%

Summary: The Bessemer City 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 11.1%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bessemer City, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Bessemer City in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for Bessemer City, NC

How long does it take to sell a home in Bessemer City, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days29 Days-52.6%

Summary: Homes in Bessemer City had an average of 29 days on market in Mar 2024, down by 52.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During March 2024, 13 homes were sold in Bessemer City; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Bessemer City, NC

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