Is Cotswold, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cotswold has remained a Seller's Market.
Key Takeaway
Cotswold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cotswold, NC
How much do homes in Cotswold, NC cost?
Median Sold Price
$849,625
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cotswold have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Cotswold was $849,625 in April 2024, up 9.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $212.5K | -16.7% |
| 2 Bedrooms | $258.5K | $305K | +18.0% |
| 3 Bedrooms | $612K | $650K | +6.2% |
| 4 Bedrooms | $780K | $1.0M | +30.8% |
| 5+ Bedrooms | $1.9M | $1.8M | -2.7% |
Summary: Cotswold housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Cotswold | $775K | $849.6K | +9.6% |
| Sherwood Forest | $707.7K | $676.1K | -4.5% |
Housing Supply in Cotswold, NC
How many homes are available in Cotswold, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 61 | +24.5% |
Summary: The Cotswold real estate market had 61 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Cotswold 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 increased by 250%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cotswold, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cotswold in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Cotswold, NC
How long does it take to sell a home in Cotswold, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 35 Days | +174.8% |
Summary: Homes in Cotswold had an average of 35 days on market in Apr 2024, up by 174.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cotswold are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Cotswold; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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