Is Moore County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moore County is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Moore County, NC

How much do homes in Moore County, NC cost?

Median Sold Price

$450,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$30,302(+7.2%)

Key Takeaway

Homes in Moore County have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Moore County was $450,000 in June 2024, up 7.2% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $190K$221K
+16.3%
2 $265K$300K
+13.2%
3 $389.5K$402.9K
+3.4%
4 $463.4K$519.2K
+12.0%
5+ $535.1K$579.9K
+8.4%

Summary: Moore County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Counties

Moore County
+7.2%
Richmond County
+5.9%
Lee County
+5.8%
Hoke County
+2.9%
Chatham County
+2.4%

Housing Supply in Moore County, NC

How many homes are available in Moore County, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
857845-1.4%

Summary: The Moore County real estate market had 845 homes for sale in June 2024, a 1.4% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 86
-25.0%
2 8789
+2.3%
3 342338
-1.2%
4 327326
-0.3%
5+ 9386
-7.5%

Summary: The Moore County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
185175-5.4%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moore County, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 175 homes were sold or pending in Moore County in June 2024, down by 5.4% month-over-month. Of the 175 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.

Days on Market for Moore County, NC

How long does it take to sell a home in Moore County, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
46 Days53 Days+14.6%

Summary: Homes in Moore County had an average of 53 days on market in Jun 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

99 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 175 homes were sold in Moore County; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Moore County, NC

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