Is Mount Holly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Mount Holly has remained a Seller's Market.
Key Takeaway
Mount Holly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Mount Holly, NC cost?
Median Sold Price
$338,405
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Mount Holly have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Mount Holly was $338,405 in August 2023, up 2.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $217.5K | $235K | +8.0% |
| 3 Bedrooms | $302K | $320K | +6.0% |
| 4 Bedrooms | $415K | $425K | +2.4% |
| 5+ Bedrooms | $480K | $475K | -1.0% |
Summary: Mount Holly housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Belmont | $411.5K | $425K | +3.3% |
| Mount Holly | $330K | $338.4K | +2.5% |
| South Point Township | $363.8K | $361.2K | -0.7% |
| Riverbend Township | $335.5K | $330K | -1.6% |
Housing Supply
How many homes are available in Mount Holly, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 99 | 92 | -7.1% |
Summary: The Mount Holly real estate market had 92 homes for sale in August 2023, a 7.1% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 13 | -35.0% |
| 3 Bedrooms | 49 | 50 | +2.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mount Holly housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35%, 3 bedroom homes increased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Holly, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Mount Holly in August 2023, down by 5.6% month-over-month. Of the 34 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market
How long does it take to sell a home in Mount Holly, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +74.3% |
Summary: Homes in Mount Holly had an average of 22 days on market in Aug 2023, up by 74.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Holly are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 34 homes were sold in Mount Holly; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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