Is Gaston County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Gaston County has remained a Seller's Market.
Housing Prices in Gaston County, NC
How much do homes in Gaston County, NC cost?
Median Sold Price
$298,790
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Gaston County was $298,790 in November 2023, up 0.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $120K | +9.1% |
2 Bedrooms | $190K | $200K | +5.3% |
3 Bedrooms | $284.9K | $288.5K | +1.2% |
4 Bedrooms | $414.3K | $406.2K | -1.9% |
5+ Bedrooms | $482.9K | $509.5K | +5.5% |
Summary: Gaston County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Counties
Mecklenburg County | $406.4K | $423.6K | +4.2% |
Cleveland County | $225K | $229.8K | +2.1% |
Lincoln County | $370.9K | $377.7K | +1.8% |
Gaston County | $297.6K | $298.7K | 0.4% |
Housing Supply in Gaston County, NC
How many homes are available in Gaston County, NC?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
1,005 | 1,006 | 0.1% |
Summary: The Gaston County real estate market had 1,006 homes for sale in November 2023, a 0.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 149 | 145 | -2.7% |
3 Bedrooms | 567 | 570 | 0.5% |
4 Bedrooms | 208 | 212 | +1.9% |
5+ Bedrooms | 73 | 72 | -1.4% |
Summary: The Gaston County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
254 | 184 | -27.6% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 184 homes were sold or pending in Gaston County in November 2023, down by 27.6% month-over-month. Of the 184 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Gaston County, NC
How long does it take to sell a home in Gaston County, NC?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
30 Days | 33 Days | +8.9% |
Summary: Homes in Gaston County had an average of 33 days on market in Nov 2023, up by 8.9% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During November 2023, 184 homes were sold in Gaston County; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.