Is Gaston County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$300,241
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.5K | $116.2K | -6.6% |
2 Bedrooms | $190.5K | $205K | +7.6% |
3 Bedrooms | $289.9K | $294.9K | +1.7% |
4 Bedrooms | $410.3K | $417.5K | +1.8% |
5+ Bedrooms | $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 | $225K | $234.8K | +4.4% |
Mecklenburg County | $414.9K | $429.5K | +3.5% |
Gaston County | $301.7K | $300.2K | -0.5% |
Lincoln County | $377K | $368.5K | -2.3% |
Housing Supply in Gaston County, NC
How many homes are available in Gaston County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,031 | 1,149 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 159 | 185 | +16.4% |
3 Bedrooms | 594 | 659 | +10.9% |
4 Bedrooms | 194 | 208 | +7.2% |
5+ Bedrooms | 79 | 91 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
225 | 257 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 46 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
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.