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 October 2021

At the same time last year, Moore County was a Buyer's Market.

Key Takeaway

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

How much do homes in Moore County, NC cost?

Median Sold Price

$408,711

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$93,711(+29.7%)

Key Takeaway

Homes in Moore County have sold for 29.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $152.5K$170K
+11.5%
2 $240K$279K
+16.3%
3 $300K$374.7K
+24.9%
4 $345K$475K
+37.7%
5+ $434.4K$620K
+42.7%

Median Sold Price Compared To Nearby Counties

Moore County
+29.7%
Hoke County
+22.0%
Lee County
+18.4%
Scotland County
+11.8%

How many homes are available in Moore County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
608588-3.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 109
-10.0%
2 5850
-13.8%
3 226222
-1.8%
4 269255
-5.2%
5+ 4552
+15.6%

Number of Homes Sold

Sep 2022Oct 2022%
148132-10.8%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

36 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. 42.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
27 Days23 Days-16.1%

Breakdown of Home Sale Times

95 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

6 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.

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

About Moore County, NC

Number of homes for sale in Moore County, NC real estate market have reached 588. The inventory of homes for sale in Moore County, NC between September 2022 and October 2022 decreased by 3.3%. In October 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $408,711. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 11.5%, prices of 2 bedrooms properties went up by 16.3%, the cost of 3 bedrooms properties went up by 24.9%, the cost of 4 bedrooms properties went up by 37.7%, the cost of 5 bedrooms properties went up by 42.7%. This housing market inventory have changed: number of 1 bedroom homes decreased by 10%, 2 bedrooms homes became 13.8% less available, volume of 3 bedrooms homes went down by 1.8%, the quantity of 4 bedrooms homes went down by 5.2%, volume of 5 bedrooms homes went up by 15.6%. Over 36 listings were sold over their listed price in October 2022 in Moore County, NC. In the same period over 56 listings were sold below the listed price and 40 listings were sold for the listed price.

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