Is Hoke County, 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, Hoke County has remained a Seller's Market.
Key Takeaway
Hoke County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hoke County, NC
How much do homes in Hoke County, NC cost?
Median Sold Price
$281,916
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hoke County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Hoke County was $281,916 in April 2024, up 6.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $22K | -75.6% |
| 2 Bedrooms | $124.5K | $142.2K | +14.2% |
| 3 Bedrooms | $242.2K | $255.6K | +5.5% |
| 4 Bedrooms | $310K | $334K | +7.7% |
| 5+ Bedrooms | $372K | $395K | +6.2% |
Summary: Hoke County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Robeson County | $188.3K | $205K | +8.9% |
| Moore County | $419.9K | $449.2K | +7.0% |
| Hoke County | $265K | $281.9K | +6.4% |
| Cumberland County | $224.4K | $238.2K | +6.1% |
| Scotland County | $187.9K | $169.3K | -9.9% |
Housing Supply in Hoke County, NC
How many homes are available in Hoke County, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 211 | 213 | +0.9% |
Summary: The Hoke County real estate market had 213 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 129 | 118 | -8.5% |
| 4 Bedrooms | 65 | 73 | +12.3% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Hoke County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 58 | +26.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoke County, expect to pay close to the asking price. 48.3% of homes here sold near the asking price last month.
Summary: A total of 58 homes were sold or pending in Hoke County in April 2024, up by 26.1% month-over-month. Of the 58 sold homes, 26% were sold under asking, 48% were sold at asking, and 26% were sold over asking.
Days on Market for Hoke County, NC
How long does it take to sell a home in Hoke County, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 43 Days | -25.2% |
Summary: Homes in Hoke County had an average of 43 days on market in Apr 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hoke County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 58 homes were sold in Hoke County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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