Is Five Points, NC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Five Points is a neutral'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



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

# BEDSOct 2022Oct 2023CHANGE
1 $322.5K$280K
2 $417.5K$391.9K
3 $765K$828.5K
4 $1.3M$1.0M
5+ $1.4M$1.8M

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 2023Oct 2023CHANGE

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

# BEDSSep 2023Oct 2023CHANGE
1 00
2 118
3 711
4 46
5+ 55

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 2023Oct 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Oct 2023CHANGE
2 Days5 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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