Is Moore County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Moore County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $221K | +16.3% |
2 Bedrooms | $265K | $300K | +13.2% |
3 Bedrooms | $389.5K | $402.9K | +3.4% |
4 Bedrooms | $463.4K | $519.2K | +12.0% |
5+ Bedrooms | $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 | $419.6K | $450K | +7.2% |
Richmond County | $161.7K | $171.3K | +5.9% |
Lee County | $300.4K | $317.7K | +5.8% |
Hoke County | $276.8K | $285K | +2.9% |
Chatham County | $520K | $532.3K | +2.4% |
Housing Supply in Moore County, NC
How many homes are available in Moore County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
857 | 845 | -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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 87 | 89 | +2.3% |
3 Bedrooms | 342 | 338 | -1.2% |
4 Bedrooms | 327 | 326 | -0.3% |
5+ Bedrooms | 93 | 86 | -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 2024 | Jun 2024 | CHANGE |
---|---|---|
185 | 175 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
46 Days | 53 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
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.