Is Knightdale, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Knightdale is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Knightdale has remained a Seller's Market.

Key Takeaway

Knightdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Knightdale, NC cost?

Median Sold Price

$379,900

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$69,900(+22.5%)

Key Takeaway

Homes in Knightdale have sold for 22.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $188K$245.5K
+30.6%
3 $256K$353.9K
+38.3%
4 $355K$417.5K
+17.6%
5+ $410K$493K
+20.2%

Median Sold Price Compared To Nearby Cities

Marks Creek Township
+23.4%
Knightdale
+22.5%
Saint Matthews Township
+22.0%
Raleigh
+17.6%

How many homes are available in Knightdale, NC?

Number of Homes For Sale

Nov 2022Dec 2022%
5548-12.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 11
0.0%
3 2827
-3.6%
4 118
-27.3%
5+ 1512
-20.0%

Number of Homes Sold

Nov 2022Dec 2022%
1621+31.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Knightdale, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
16 Days5 Days-66.0%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Knightdale are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Knightdale, NC

Knightdale, NC has 48 homes on the market. The inventory of homes for sale in Knightdale, NC between November 2022 and December 2022 decreased by 12.7%. Listings spent 5 days on the market in December 2022, and had a median list price of $379,900 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 30.6%, prices of 3 bedrooms properties went up by 38.3%, 4 bedrooms properties prices increased by 17.6%, 5 bedrooms properties prices increased by 20.2%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 3.6%, 4 bedrooms homes became 27.3% less available, 5 bedrooms homes became 20% less available. In December 2022 more than 0 listings in Knightdale, NC were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below.

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