Is Gaston County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gaston County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Gaston County has remained a Seller's Market.

Key Takeaway

Gaston County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gaston County, NC

How much do homes in Gaston County, NC cost?

Median Sold Price

$300,241

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,552(-0.5%)

Key Takeaway

Homes in Gaston County have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Gaston County was $300,241 in March 2024, down 0.5% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $124.5K$116.2K
-6.6%
2 $190.5K$205K
+7.6%
3 $289.9K$294.9K
+1.7%
4 $410.3K$417.5K
+1.8%
5+ $497K$510K
+2.6%

Summary: Gaston County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Counties

Cleveland County
+4.4%
Mecklenburg County
+3.5%
Gaston County
-0.5%
Lincoln County
-2.3%

Housing Supply in Gaston County, NC

How many homes are available in Gaston County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0311,149+11.4%

Summary: The Gaston County real estate market had 1,149 homes for sale in March 2024, a 11.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 56
+20.0%
2 159185
+16.4%
3 594659
+10.9%
4 194208
+7.2%
5+ 7991
+15.2%

Summary: The Gaston County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 15.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
225257+14.2%

Asking Price vs. Sold Price

138 Homes Were Sold
Under Asking

71 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaston County, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Summary: A total of 257 homes were sold or pending in Gaston County in March 2024, up by 14.2% month-over-month. Of the 257 sold homes, 54% were sold under asking, 28% were sold at asking, and 19% 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

Mar 2023Mar 2024CHANGE
54 Days46 Days-14.8%

Summary: Homes in Gaston County had an average of 46 days on market in Mar 2024, down by 14.8% compared to last year.

Breakdown of Home Sale Times

144 Homes Were Sold
Under 30 Days

71 Homes Were Sold
In 30 - 90 Days

42 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gaston County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 257 homes were sold in Gaston County; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% 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 24 Days Ago

Newest Listings in Gaston County, NC

Nearby Markets to Gaston County, NC

What housing markets are near Gaston County, NC?