Is Old Fort, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Old Fort has remained a Seller's Market.
Key Takeaway
Old Fort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Fort, NC
How much do homes in Old Fort, NC cost?
Median Sold Price
$305,000
$203/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Old Fort have sold for 10.5% less than they did a month ago.
Summary: The median home sold price in Old Fort was $305,000 in March 2024, down 10.5% from last month, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.4K | $295K | -21.2% |
| 3 Bedrooms | $262.5K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $332K | $315K | -5.1% |
Summary: Old Fort housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in Old Fort, NC
How many homes are available in Old Fort, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Old Fort real estate market had 23 homes for sale in March 2024, a 8.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Old Fort housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fort, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Old Fort in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Old Fort, NC
How long does it take to sell a home in Old Fort, NC?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 19 Days | -50.0% |
Summary: Homes in Old Fort had an average of 19 days on market in Mar 2024, down by 50% compared to last month.
Breakdown of Home Sale Times
3 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 Old Fort are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Old Fort; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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