Is Holly Springs, 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, Holly Springs has remained a Seller's Market.
Key Takeaway
Holly Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holly Springs, NC
How much do homes in Holly Springs, NC cost?
Median Sold Price
$565,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Holly Springs have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Holly Springs was $565,000 in March 2024, down 4.2% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236.5K | $417.5K | +76.5% |
| 2 Bedrooms | $312.5K | $320K | +2.4% |
| 3 Bedrooms | $437.5K | $450K | +2.9% |
| 4 Bedrooms | $618.7K | $585.7K | -5.3% |
| 5+ Bedrooms | $725K | $727.5K | 0.3% |
Summary: Holly Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Apex | $575K | $581.6K | +1.1% |
| Middle Creek Township | $475.5K | $480K | +0.9% |
| Buckhorn Township | $630K | $633.8K | +0.6% |
| Holly Springs | $589.5K | $565K | -4.2% |
| Holly Springs Township | $587.3K | $559.1K | -4.8% |
Housing Supply in Holly Springs, NC
How many homes are available in Holly Springs, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 184 | 167 | -9.2% |
Summary: The Holly Springs real estate market had 167 homes for sale in March 2024, a 9.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 55 | 48 | -12.7% |
| 4 Bedrooms | 75 | 67 | -10.7% |
| 5+ Bedrooms | 51 | 47 | -7.8% |
Summary: The Holly Springs 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 increased by 100%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 54 | -18.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holly Springs, you could pay more than the asking price. 42.6% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Holly Springs in March 2024, down by 18.2% month-over-month. Of the 54 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Holly Springs, NC
How long does it take to sell a home in Holly Springs, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 124 Days | 77 Days | -37.4% |
Summary: Homes in Holly Springs had an average of 77 days on market in Mar 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Holly Springs has remained consistent over time.
Summary: During March 2024, 54 homes were sold in Holly Springs; 15% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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