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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Gilead is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Mount Gilead was a Buyer's Market.

Key Takeaway

Mount Gilead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mount Gilead, NC

How much do homes in Mount Gilead, NC cost?

Median Sold Price

$240,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,000(-2.0%)

Key Takeaway

Homes in Mount Gilead have sold for 2% less than they did a year ago.

Summary: The median home sold price in Mount Gilead was $240,000 in April 2024, down 2% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $101.7K$90K
-11.5%
2 $157.2K$125K
-20.5%
3 $335K$348.5K
+4.0%
4 $305K$465K
+52.5%
5+ $125K$395K
+216.0%

Summary: Mount Gilead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 52.5%, and 5+ bedroom homes increased by 216%.

Median Sold Price Compared To Nearby Cities

Mount Gilead Township
+33.3%
Mount Gilead
-2.0%
Pee Dee Township
-47.5%

Housing Supply in Mount Gilead, NC

How many homes are available in Mount Gilead, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6572+10.8%

Summary: The Mount Gilead real estate market had 72 homes for sale in April 2024, a 10.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1013
+30.0%
2 1515
0.0%
3 3236
+12.5%
4 45
+25.0%
5+ 43
-25.0%

Summary: The Mount Gilead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Gilead, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Mount Gilead in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Gilead, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days86 Days+32.4%

Summary: Homes in Mount Gilead had an average of 86 days on market in Apr 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Mount Gilead; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 8 Days Ago

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