Is Browns Summit, 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, Browns Summit has remained a Seller's Market.
Key Takeaway
Browns Summit is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Browns Summit, NC
How much do homes in Browns Summit, NC cost?
Median Sold Price
$343,370
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Browns Summit have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Browns Summit was $343,370 in March 2024, up 1.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $186K | N/A |
| 2 Bedrooms | $207K | $141.2K | -31.8% |
| 3 Bedrooms | $307.5K | $315K | +2.4% |
| 4 Bedrooms | $489K | $394.1K | -19.4% |
| 5+ Bedrooms | $362K | $471.5K | +30.3% |
Summary: Browns Summit housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Mc Leansville | $280K | $300K | +7.1% |
| Browns Summit | $339K | $343.3K | +1.3% |
| Washington Township | $260K | $263.4K | +1.3% |
| Monroe Township | $374.9K | $378.6K | +1.0% |
| Madison Township | $275K | $265K | -3.6% |
Housing Supply in Browns Summit, NC
How many homes are available in Browns Summit, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 52 | +20.9% |
Summary: The Browns Summit real estate market had 52 homes for sale in March 2024, a 20.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Browns Summit 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 100%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Browns Summit, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Browns Summit in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Browns Summit, NC
How long does it take to sell a home in Browns Summit, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 41 Days | -9.9% |
Summary: Homes in Browns Summit had an average of 41 days on market in Mar 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Browns Summit has remained consistent over time.
Summary: During March 2024, 13 homes were sold in Browns Summit; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.