$4,156 Closing Credit*
$350,000
790 SqFt
1 Bed
•1 Full Bath
Listing Office: My Townhome LLC
Is Myers Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Myers Park was a Buyer's Market.
Key Takeaway
Myers Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Myers Park, NC
How much do homes in Myers Park, NC cost?
Median Sold Price
$1,428,500
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$153,500(+12.0%)
Key Takeaway
Homes in Myers Park have sold for 12% more than they did a year ago.
Summary: The median home sold price in Myers Park was $1,428,500 in August 2024, up 12% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309K | $326.5K | +5.7% |
| 2 Bedrooms | $385K | $396K | +2.9% |
| 3 Bedrooms | $1.0M | $1.0M | -3.1% |
| 4 Bedrooms | $1.6M | $1.6M | 0.0% |
| 5+ Bedrooms | $2.3M | $2.7M | +13.7% |
Summary: Myers Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 13.7%.
Housing Supply in Myers Park, NC
How many homes are available in Myers Park, NC?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 84 | 78 | -7.1% |
Summary: The Myers Park real estate market had 78 homes for sale in August 2024, a 7.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Myers Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myers Park, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Myers Park in August 2024, up by 13.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Myers Park, NC
How long does it take to sell a home in Myers Park, NC?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +35.1% |
Summary: Homes in Myers Park had an average of 21 days on market in Aug 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Myers Park are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 17 homes were sold in Myers Park; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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