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 March 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

$444,960

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,799(+5.9%)

Key Takeaway

Homes in Moore County have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Moore County was $444,960 in March 2024, up 5.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $190K$205K
+7.9%
2 $281.5K$288.9K
+2.6%
3 $389.9K$400K
+2.6%
4 $467.5K$499.9K
+6.9%
5+ $575K$580K
+0.9%

Summary: Moore County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Counties

Richmond County
+10.5%
Moore County
+5.9%
Hoke County
+5.3%
Lee County
+4.5%
Chatham County
+1.7%

Housing Supply in Moore County, NC

How many homes are available in Moore County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
726740+1.9%

Summary: The Moore County real estate market had 740 homes for sale in March 2024, a 1.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 612
+100.0%
2 7178
+9.9%
3 295283
-4.1%
4 281289
+2.8%
5+ 7378
+6.8%

Summary: The Moore County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
118177+50.0%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

39 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. 39.5% of homes here sold below asking price last month.

Summary: A total of 177 homes were sold or pending in Moore County in March 2024, up by 50.0% month-over-month. Of the 177 sold homes, 40% were sold under asking, 38% were sold at asking, and 22% 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

Mar 2023Mar 2024CHANGE
67 Days81 Days+20.1%

Summary: Homes in Moore County had an average of 81 days on market in Mar 2024, up by 20.1% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

61 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 March 2024, 177 homes were sold in Moore County; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 34% 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 22 Days Ago

Newest Listings in Moore County, NC

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