Is Cove City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cove City has remained a Seller's Market.
Key Takeaway
Cove City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cove City, NC
How much do homes in Cove City, NC cost?
Median Sold Price
$93,000
$126/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Cove City have sold for 73.8% less than they did a month ago.
Summary: The median home sold price in Cove City was $93,000 in June 2024, down 73.8% from last month, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $93K | N/A |
| 3 Bedrooms | $355K | $138.2K | -61.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cove City housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 61%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Cove City, NC
How many homes are available in Cove City, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Cove City real estate market had 4 homes for sale in June 2024, a 20.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cove City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cove City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cove City in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cove City, NC
How long does it take to sell a home in Cove City, NC?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 50 Days | +614.3% |
Summary: Homes in Cove City had an average of 50 days on market in Jun 2024, up by 614.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cove City are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Cove City; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
