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 November 2022

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

$298,790

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$1,119(+0.4%)

Key Takeaway

The sold price of homes in Gaston County has remained the same since last year.

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

# BEDSNov 2022Nov 2023CHANGE
1 $110K$120K
+9.1%
2 $190K$200K
+5.3%
3 $284.9K$288.5K
+1.2%
4 $414.3K$406.2K
-1.9%
5+ $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
+4.2%
Cleveland County
+2.1%
Lincoln County
+1.8%
Gaston County
0.4%

Housing Supply in Gaston County, NC

How many homes are available in Gaston County, NC?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1,0051,0060.1%

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

# BEDSOct 2023Nov 2023CHANGE
1 87
-12.5%
2 149145
-2.7%
3 567570
0.5%
4 208212
+1.9%
5+ 7372
-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 2023Nov 2023CHANGE
254184-27.6%

Asking Price vs. Sold Price

99 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gaston County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

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 2022Nov 2023CHANGE
30 Days33 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

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 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.

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

Report Updated 3 Days Ago

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