Is Connelly Springs, 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, Connelly Springs has remained a Seller's Market.
Housing Prices in Connelly Springs, NC
How much do homes in Connelly Springs, NC cost?
Median Sold Price
$239,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Connelly Springs was $239,500 in March 2024, up 39.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.5K | $189K | +38.5% |
2 Bedrooms | $133K | $216.5K | +62.8% |
3 Bedrooms | $205K | $248K | +21.0% |
4 Bedrooms | $209K | $299K | +43.1% |
5+ Bedrooms | $279.2K | $355K | +27.1% |
Summary: Connelly Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 62.8%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
Connelly Springs | $172K | $239.5K | +39.2% |
Icard Township | $185K | $200K | +8.1% |
Lovelady Township | $234.9K | $249.8K | +6.4% |
Housing Supply in Connelly Springs, NC
How many homes are available in Connelly Springs, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 55 | +14.6% |
Summary: The Connelly Springs real estate market had 55 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Connelly Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Connelly Springs in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Connelly Springs, NC
How long does it take to sell a home in Connelly Springs, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 25 Days | -18.9% |
Summary: Homes in Connelly Springs had an average of 25 days on market in Mar 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Connelly Springs; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.