Is Mount Airy, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Airy is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Mount Airy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mount Airy, NC

How much do homes in Mount Airy, NC cost?

Median Sold Price

$225,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,000(+9.8%)

Key Takeaway

Homes in Mount Airy have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Mount Airy was $225,000 in February 2024, up 9.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $66.3K$159K
+139.8%
2 $153K$174.9K
+14.3%
3 $210K$229K
+9.0%
4 $290K$343.5K
+18.4%
5+ $385K$411.9K
+7.0%

Summary: Mount Airy housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Mount Airy Township
+15.7%
Mount Airy
+9.8%

Housing Supply in Mount Airy, NC

How many homes are available in Mount Airy, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98107+9.2%

Summary: The Mount Airy real estate market had 107 homes for sale in February 2024, a 9.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 2120
-4.8%
3 5359
+11.3%
4 1921
+10.5%
5+ 22
0.0%

Summary: The Mount Airy housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1623+43.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Airy, you may be able to get a good deal. 87% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Mount Airy in February 2024, up by 43.8% month-over-month. Of the 23 sold homes, 87% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Airy, NC

How long does it take to sell a home in Mount Airy, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
66 Days72 Days+9.2%

Summary: Homes in Mount Airy had an average of 72 days on market in Feb 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 23 homes were sold in Mount Airy; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% 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 28 Days Ago

Newest Listings in Mount Airy, NC

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What housing markets are near Mount Airy, NC?