Is North Hills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
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
How much do homes in North Hills, NC cost?
Median Sold Price
$825,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in North Hills have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in North Hills was $825,000 in October 2023, down 1.5% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $767.5K | $630K | -17.9% |
| 4 Bedrooms | $760K | $830K | +9.2% |
| 5+ Bedrooms | $2.1M | $1.0M | -51.5% |
Summary: North Hills housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 51.5%.
Housing Supply
How many homes are available in North Hills, NC?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The North Hills real estate market had 15 homes for sale in October 2023, a 15.4% increase compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The North Hills housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in North Hills in October 2023, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market
How long does it take to sell a home in North Hills, NC?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2023, 3 homes were sold in North Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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