Is Moore County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $205K | +7.9% |
| 2 Bedrooms | $281.5K | $288.9K | +2.6% |
| 3 Bedrooms | $389.9K | $400K | +2.6% |
| 4 Bedrooms | $467.5K | $499.9K | +6.9% |
| 5+ Bedrooms | $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 | $153.7K | $169.9K | +10.5% |
| Moore County | $420.1K | $444.9K | +5.9% |
| Hoke County | $265.7K | $279.9K | +5.3% |
| Lee County | $298.9K | $312.5K | +4.5% |
| Chatham County | $523K | $531.6K | +1.7% |
Housing Supply in Moore County, NC
How many homes are available in Moore County, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 726 | 740 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 12 | +100.0% |
| 2 Bedrooms | 71 | 78 | +9.9% |
| 3 Bedrooms | 295 | 283 | -4.1% |
| 4 Bedrooms | 281 | 289 | +2.8% |
| 5+ Bedrooms | 73 | 78 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 177 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 81 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
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.
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