Is Five Points, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Five Points was a Seller's Market.
Key Takeaway
Five Points is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Five Points, NC cost?
Median Sold Price
$828,500
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in Five Points have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Five Points was $828,500 in October 2023, up 8.3% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $280K | -13.2% |
| 2 Bedrooms | $417.5K | $391.9K | -6.1% |
| 3 Bedrooms | $765K | $828.5K | +8.3% |
| 4 Bedrooms | $1.3M | $1.0M | -21.2% |
| 5+ Bedrooms | $1.4M | $1.8M | +29.6% |
Summary: Five Points housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 29.6%.
Housing Supply
How many homes are available in Five Points, NC?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Five Points real estate market had 30 homes for sale in October 2023, a 11.1% increase compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Five Points housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Five Points in October 2023, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market
How long does it take to sell a home in Five Points, NC?
Average Sale Time
| Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|
| 2 Days | 5 Days | +180.0% |
Summary: Homes in Five Points had an average of 5 days on market in Oct 2023, up by 180% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Five Points are selling fast, if you're buying plan to act quickly.
Summary: During October 2023, 5 homes were sold in Five Points; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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