Is North Hills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Hills has remained a Seller's Market.
Key Takeaway
North Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Hills, NC
How much do homes in North Hills, NC cost?
Median Sold Price
$750,000
$317/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in North Hills has remained the same since last year.
Summary: The median home sold price in North Hills was $750,000 in April 2024, the same as last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $630K | $687.5K | +9.1% |
| 4 Bedrooms | $845K | $750K | -11.2% |
| 5+ Bedrooms | $1.4M | $1.3M | -7.9% |
Summary: North Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Hills | $750K | $750K | 0.0% |
| Chestnut Hills | $1.6M | $1.3M | -19.9% |
Housing Supply in North Hills, NC
How many homes are available in North Hills, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The North Hills real estate market had 24 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The North Hills 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Hills, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in North Hills in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for North Hills, NC
How long does it take to sell a home in North Hills, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 40 Days | -60.0% |
Summary: Homes in North Hills had an average of 40 days on market in Apr 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in North Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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