Is Conover, 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, Conover has remained a Seller's Market.
Housing Prices in Conover, NC
How much do homes in Conover, NC cost?
Median Sold Price
$287,466
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Conover was $287,466 in March 2024, up 6.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $150K | +13.6% |
2 Bedrooms | $175.5K | $186K | +6.0% |
3 Bedrooms | $262.5K | $282.5K | +7.6% |
4 Bedrooms | $305K | $325.9K | +6.9% |
5+ Bedrooms | $364.1K | $369.8K | +1.6% |
Summary: Conover housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Newton | $240K | $259.5K | +8.1% |
Clines Township | $274.6K | $295.1K | +7.5% |
Claremont | $223K | $238K | +6.7% |
Conover | $270K | $287.4K | +6.5% |
Newton Township | $240K | $252K | +5.0% |
Housing Supply in Conover, NC
How many homes are available in Conover, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 94 | +3.3% |
Summary: The Conover real estate market had 94 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 65 | 70 | +7.7% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Conover 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 42.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Conover in March 2024, up by 22.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 45% were sold at asking, and 14% were sold over asking.
Days on Market for Conover, NC
How long does it take to sell a home in Conover, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 49 Days | +22.0% |
Summary: Homes in Conover had an average of 49 days on market in Mar 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Conover; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.