Is Magnolia Greens, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Magnolia Greens was a Buyer's Market.
Housing Prices in Magnolia Greens, NC
How much do homes in Magnolia Greens, NC cost?
Median Sold Price
$420,000
$204/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Magnolia Greens was $420,000 in April 2024, down 17.2% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $325K | N/A |
3 Bedrooms | $339K | $425K | +25.4% |
4 Bedrooms | $675K | $570K | -15.6% |
5+ Bedrooms | - | - | N/A |
Summary: Magnolia Greens housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.4%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes did not change.
Housing Supply in Magnolia Greens, NC
How many homes are available in Magnolia Greens, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Summary: The Magnolia Greens real estate market had 26 homes for sale in April 2024, a 36.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Magnolia Greens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Magnolia Greens in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Magnolia Greens, NC
How long does it take to sell a home in Magnolia Greens, NC?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 39 Days | +44.4% |
Summary: Homes in Magnolia Greens had an average of 39 days on market in Apr 2024, up by 44.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Magnolia Greens; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.