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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conover is a seller's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Conover was a Buyer's Market.

Key Takeaway

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

How much do homes in Conover, NC cost?

Median Sold Price

$235,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$28,750(+13.9%)

Key Takeaway

Homes in Conover have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$132K
N/A
2 $130K$163K
+25.4%
3 $218.8K$230.2K
+5.2%
4 $284.5K$323K
+13.5%
5+ $420K$439K
+4.5%

Median Sold Price Compared To Nearby Cities

Claremont
+14.4%
Conover
+13.9%
Clines Township
+13.6%
Newton Township
+13.2%
Newton
+8.2%

How many homes are available in Conover, NC?

Number of Homes For Sale

Jul 2022Aug 2022%
5662+10.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 54
-20.0%
3 1719
+11.8%
4 3136
+16.1%
5+ 33
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
713+85.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conover, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days15 Days-4.8%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Conover, NC

Conover, NC has 62 homes for sale to choose from. The number of homes for sale in Conover, NC increased by 10.7% between July 2022 and August 2022. In August 2022 median list price was $235,000 and the average listing age was 15 days. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 25.4% more expensive, 3 bedrooms properties became 5.2% more expensive, 4 bedrooms properties prices increased by 13.5%, 5 bedrooms properties became 4.5% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 20%, volume of 3 bedrooms homes went up by 11.8%, volume of 4 bedrooms homes went up by 16.1%, volume of 5 bedrooms homes stayed the same. In August 2022, from all listings sold in Conover, NC there were more than 5 sold above asking price, over 5 sold below and more than 3 were sold right at the asked price.

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