Is Inside the Beltline, 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, Inside the Beltline has remained a Seller's Market.
Key Takeaway
Inside the Beltline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inside the Beltline, NC
How much do homes in Inside the Beltline, NC cost?
Median Sold Price
$561,675
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Inside the Beltline have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Inside the Beltline was $561,675 in April 2024, up 12.4% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335.5K | $309.9K | -7.6% |
| 2 Bedrooms | $400K | $392K | -2.0% |
| 3 Bedrooms | $490K | $550.7K | +12.4% |
| 4 Bedrooms | $763K | $925K | +21.2% |
| 5+ Bedrooms | $1.6M | $1.6M | +5.5% |
Summary: Inside the Beltline housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Inside the Beltline | $499.8K | $561.6K | +12.4% |
| Mordecai | $674.5K | $695K | +3.0% |
Housing Supply in Inside the Beltline, NC
How many homes are available in Inside the Beltline, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 491 | 518 | +5.5% |
Summary: The Inside the Beltline real estate market had 518 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 27 | -12.9% |
| 2 Bedrooms | 98 | 105 | +7.1% |
| 3 Bedrooms | 177 | 203 | +14.7% |
| 4 Bedrooms | 111 | 113 | +1.8% |
| 5+ Bedrooms | 74 | 70 | -5.4% |
Summary: The Inside the Beltline housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 96 | -5.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inside the Beltline, you may be able to get a good deal. 57.3% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Inside the Beltline in April 2024, down by 5.0% month-over-month. Of the 96 sold homes, 57% were sold under asking, 16% were sold at asking, and 27% were sold over asking.
Days on Market for Inside the Beltline, NC
How long does it take to sell a home in Inside the Beltline, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 114 Days | 38 Days | -66.6% |
Summary: Homes in Inside the Beltline had an average of 38 days on market in Apr 2024, down by 66.6% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inside the Beltline are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 96 homes were sold in Inside the Beltline; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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