Is Five Points, 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, Five Points has remained a Seller's Market.
Housing Prices in Five Points, NC
How much do homes in Five Points, NC cost?
Median Sold Price
$750,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Five Points was $750,000 in March 2024, up 1.4% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322.5K | $300K | -7.0% |
2 Bedrooms | $420K | $395K | -6.0% |
3 Bedrooms | $741K | $776.5K | +4.8% |
4 Bedrooms | $1.2M | $1.1M | -4.2% |
5+ Bedrooms | $1.6M | $1.7M | +8.0% |
Summary: Five Points housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 8%.
Housing Supply in Five Points, NC
How many homes are available in Five Points, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 59 | +18.0% |
Summary: The Five Points real estate market had 59 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 19 | +58.3% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Five Points housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 15 | +400.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Five Points in March 2024, up by 400.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 54 Days | -34.8% |
Summary: Homes in Five Points had an average of 54 days on market in Mar 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Five Points; 33% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.