Is Mebane, 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, Mebane has remained a Seller's Market.
Key Takeaway
Mebane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mebane, NC
How much do homes in Mebane, NC cost?
Median Sold Price
$377,745
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mebane have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Mebane was $377,745 in April 2024, up 2.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $300K | +27.7% |
| 3 Bedrooms | $336K | $364.9K | +8.6% |
| 4 Bedrooms | $402K | $404.2K | +0.6% |
| 5+ Bedrooms | $420K | $428.4K | +2.0% |
Summary: Mebane housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Mebane | $368.5K | $377.7K | +2.5% |
| Cheeks Township | $373.2K | $375K | 0.5% |
Housing Supply in Mebane, NC
How many homes are available in Mebane, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 146 | +11.5% |
Summary: The Mebane real estate market had 146 homes for sale in April 2024, a 11.5% 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 73 | 78 | +6.8% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Mebane 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 remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mebane, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Mebane in April 2024, down by 21.9% month-over-month. Of the 25 sold homes, 40% were sold under asking, 36% were sold at asking, and 24% were sold over asking.
Days on Market for Mebane, NC
How long does it take to sell a home in Mebane, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 26 Days | -65.7% |
Summary: Homes in Mebane had an average of 26 days on market in Apr 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mebane are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Mebane; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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