Is Cumberland County, 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, Cumberland County has remained a Seller's Market.
Key Takeaway
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland County, NC
How much do homes in Cumberland County, NC cost?
Median Sold Price
$236,544
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cumberland County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $236,544 in March 2024, up 6.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $77.8K | +12.8% |
| 2 Bedrooms | $117.1K | $129.7K | +10.8% |
| 3 Bedrooms | $192.4K | $211.5K | +9.9% |
| 4 Bedrooms | $309.7K | $320.6K | +3.5% |
| 5+ Bedrooms | $395K | $400K | +1.3% |
Summary: Cumberland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Sampson County | $222K | $243K | +9.5% |
| Cumberland County | $222.3K | $236.5K | +6.4% |
| Moore County | $420.1K | $444.9K | +5.9% |
| Hoke County | $265.7K | $279.9K | +5.3% |
| Harnett County | $305K | $311.1K | +2.0% |
Housing Supply in Cumberland County, NC
How many homes are available in Cumberland County, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,453 | 1,469 | +1.1% |
Summary: The Cumberland County real estate market had 1,469 homes for sale in March 2024, a 1.1% 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 | 99 | 118 | +19.2% |
| 3 Bedrooms | 792 | 804 | +1.5% |
| 4 Bedrooms | 475 | 453 | -4.6% |
| 5+ Bedrooms | 86 | 92 | +7.0% |
Summary: The Cumberland County 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 19.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 335 | 367 | +9.6% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
145 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland County, expect to pay close to the asking price. 39.5% of homes here sold near the asking price last month.
Summary: A total of 367 homes were sold or pending in Cumberland County in March 2024, up by 9.6% month-over-month. Of the 367 sold homes, 36% were sold under asking, 40% were sold at asking, and 24% were sold over asking.
Days on Market for Cumberland County, NC
How long does it take to sell a home in Cumberland County, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 52 Days | -18.8% |
Summary: Homes in Cumberland County had an average of 52 days on market in Mar 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
207 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cumberland County has remained consistent over time.
Summary: During March 2024, 367 homes were sold in Cumberland County; 29% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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