Is Knightdale, 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, 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.
Housing Prices in Knightdale, NC
How much do homes in Knightdale, NC cost?
Median Sold Price
$379,321
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Knightdale have sold for 1% less than they did a year ago.
Summary: The median home sold price in Knightdale was $379,321 in March 2024, down 1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $235K | -7.8% |
| 3 Bedrooms | $330K | $348.5K | +5.6% |
| 4 Bedrooms | $440.1K | $435K | -1.2% |
| 5+ Bedrooms | $543.4K | $546.8K | +0.6% |
Summary: Knightdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Raleigh | $415.5K | $425K | +2.3% |
| Saint Matthews Township | $367.4K | $366.5K | -0.2% |
| Marks Creek Township | $402.7K | $400K | -0.7% |
| Knightdale | $383K | $379.3K | -1.0% |
Housing Supply in Knightdale, NC
How many homes are available in Knightdale, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 119 | -2.5% |
Summary: The Knightdale real estate market had 119 homes for sale in March 2024, a 2.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 55 | 50 | -9.1% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Knightdale 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 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Knightdale, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Knightdale in March 2024, up by 12.5% month-over-month. Of the 36 sold homes, 53% were sold under asking, 36% were sold at asking, and 11% were sold over asking.
Days on Market for Knightdale, NC
How long does it take to sell a home in Knightdale, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 137 Days | 113 Days | -17.2% |
Summary: Homes in Knightdale had an average of 113 days on market in Mar 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Knightdale are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 36 homes were sold in Knightdale; 11% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.