Is Five Points, 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, Five Points has remained a Seller's Market.
Key Takeaway
Five Points is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Five Points, NC
How much do homes in Five Points, NC cost?
Median Sold Price
$755,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Five Points has remained the same since last year.
Summary: The median home sold price in Five Points was $755,000 in April 2024, up 0.4% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $300K | -7.0% |
| 2 Bedrooms | $405K | $393K | -3.0% |
| 3 Bedrooms | $760K | $800K | +5.3% |
| 4 Bedrooms | $1.1M | $1.1M | -1.7% |
| 5+ Bedrooms | $1.7M | $1.7M | +5.3% |
Summary: Five Points housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Five Points, NC
How many homes are available in Five Points, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Five Points real estate market had 58 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Five Points housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Five Points, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Five Points in April 2024, up by 40.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Five Points, NC
How long does it take to sell a home in Five Points, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 22 Days | -68.2% |
Summary: Homes in Five Points had an average of 22 days on market in Apr 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Five Points are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Five Points; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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