Is Nebo, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Nebo was a Seller's Market.
Housing Prices in Nebo, NC
How much do homes in Nebo, NC cost?
Median Sold Price
$447,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nebo was $447,500 in April 2024, up 13.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $123.5K | -66.2% |
2 Bedrooms | $395K | $380K | -3.8% |
3 Bedrooms | $356K | $429.9K | +20.8% |
4 Bedrooms | $560K | $1.2M | +114.3% |
5+ Bedrooms | $912.5K | $1.5M | +72.6% |
Summary: Nebo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes increased by 72.6%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $355.5K | $446.2K | +25.5% |
Nebo | $395K | $447.5K | +13.3% |
Dysartsville Township | $380K | $429.9K | +13.2% |
Linville Township | $830K | $862.5K | +3.9% |
Housing Supply in Nebo, NC
How many homes are available in Nebo, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Nebo real estate market had 46 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Nebo housing inventory by bedroom type for April 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 increased by 9.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Nebo in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Nebo, NC
How long does it take to sell a home in Nebo, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 22 Days | -39.5% |
Summary: Homes in Nebo had an average of 22 days on market in Apr 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Nebo; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.