Is Iredell County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Iredell County has remained a Seller's Market.
Housing Prices in Iredell County, NC
How much do homes in Iredell County, NC cost?
Median Sold Price
$376,729
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Iredell County was $376,729 in February 2024, down 0.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157K | $152.5K | -2.9% |
2 Bedrooms | $221K | $220K | -0.5% |
3 Bedrooms | $320K | $333.1K | +4.1% |
4 Bedrooms | $469.6K | $488.3K | +4.0% |
5+ Bedrooms | $521.4K | $510.9K | -2.0% |
Summary: Iredell County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Counties
Catawba County | $263.5K | $289.7K | +10.0% |
Davie County | $278.7K | $299.1K | +7.3% |
Rowan County | $266.8K | $274.8K | +3.0% |
Iredell County | $378.6K | $376.7K | -0.5% |
Alexander County | $264.5K | $259K | -2.1% |
Housing Supply in Iredell County, NC
How many homes are available in Iredell County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
913 | 1,004 | +10.0% |
Summary: The Iredell County real estate market had 1,004 homes for sale in February 2024, a 10.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 75 | 83 | +10.7% |
3 Bedrooms | 418 | 467 | +11.7% |
4 Bedrooms | 268 | 307 | +14.6% |
5+ Bedrooms | 150 | 145 | -3.3% |
Summary: The Iredell County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
138 | 197 | +42.8% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 197 homes were sold or pending in Iredell County in February 2024, up by 42.8% month-over-month. Of the 197 sold homes, 60% were sold under asking, 24% were sold at asking, and 15% were sold over asking.
Days on Market for Iredell County, NC
How long does it take to sell a home in Iredell County, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 58 Days | +27.0% |
Summary: Homes in Iredell County had an average of 58 days on market in Feb 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Summary: During February 2024, 197 homes were sold in Iredell County; 39% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.