Is Graham, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Graham has remained a Seller's Market.
Key Takeaway
Graham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Graham, NC
How much do homes in Graham, NC cost?
Median Sold Price
$333,250
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Graham has remained the same since last year.
Summary: The median home sold price in Graham was $333,250 in April 2024, down 0.2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $450K | +309.1% |
| 2 Bedrooms | $207K | $215K | +3.9% |
| 3 Bedrooms | $316.8K | $310K | -2.2% |
| 4 Bedrooms | $405.2K | $384.3K | -5.2% |
| 5+ Bedrooms | $370.4K | $410K | +10.7% |
Summary: Graham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 309.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Graham | $333.7K | $333.2K | -0.2% |
| Burlington | $270.5K | $264.5K | -2.2% |
| Haw River | $330K | $319K | -3.3% |
Housing Supply in Graham, NC
How many homes are available in Graham, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 133 | -13.6% |
Summary: The Graham real estate market had 133 homes for sale in April 2024, a 13.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 83 | 71 | -14.5% |
| 4 Bedrooms | 43 | 37 | -14.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Graham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Graham, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Graham in April 2024, up by 6.5% month-over-month. Of the 49 sold homes, 41% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Graham, NC
How long does it take to sell a home in Graham, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 42 Days | -33.7% |
Summary: Homes in Graham had an average of 42 days on market in Apr 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Graham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 49 homes were sold in Graham; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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