Is Cedarfield, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedarfield is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Cedarfield, NC

How much do homes in Cedarfield, NC cost?

Median Sold Price

$452,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$6,500(-1.4%)

Key Takeaway

Homes in Cedarfield have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Cedarfield was $452,500 in April 2024, down 1.4% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $424.5K$438.5K
+3.3%
4 $473.5K$491.5K
+3.8%
5+ $533K$542.8K
+1.8%

Summary: Cedarfield 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 did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.8%.

Housing Supply in Cedarfield, NC

How many homes are available in Cedarfield, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
711+57.1%

Summary: The Cedarfield real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 26
+200.0%
5+ 10
-100.0%

Summary: The Cedarfield 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Cedarfield in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Cedarfield, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days2 Days0.0%

Summary: Homes in Cedarfield had an average of 2 days on market in Apr 2024, the same as last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Cedarfield; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

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