Is High Point, 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, High Point has remained a Seller's Market.
Key Takeaway
High Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in High Point, NC
How much do homes in High Point, NC cost?
Median Sold Price
$254,330
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in High Point have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in High Point was $254,330 in March 2024, up 4.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.2K | $99K | +47.2% |
| 2 Bedrooms | $135K | $160K | +18.5% |
| 3 Bedrooms | $234.9K | $244.9K | +4.3% |
| 4 Bedrooms | $360.6K | $360K | -0.2% |
| 5+ Bedrooms | $409.9K | $455.3K | +11.1% |
Summary: High Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| High Point Township | $209.8K | $247.6K | +18.0% |
| High Point | $244.2K | $254.3K | +4.1% |
| Archdale | $236K | $239K | +1.3% |
| Jamestown | $330K | $332.9K | +0.9% |
| Jamestown Township | $347.9K | $333.6K | -4.1% |
Housing Supply in High Point, NC
How many homes are available in High Point, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 458 | 491 | +7.2% |
Summary: The High Point real estate market had 491 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 96 | 92 | -4.2% |
| 3 Bedrooms | 227 | 253 | +11.5% |
| 4 Bedrooms | 117 | 125 | +6.8% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The High Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 127 | +25.7% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in High Point, you may be able to get a good deal. 59.8% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in High Point in March 2024, up by 25.7% month-over-month. Of the 127 sold homes, 60% were sold under asking, 18% were sold at asking, and 22% were sold over asking.
Days on Market for High Point, NC
How long does it take to sell a home in High Point, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 41 Days | +36.4% |
Summary: Homes in High Point had an average of 41 days on market in Mar 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in High Point are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 127 homes were sold in High Point; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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