Is Old Fort, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Fort is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Old Fort was a Neutral Market.

Key Takeaway

Old Fort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Old Fort, NC

How much do homes in Old Fort, NC cost?

Median Sold Price

$315,000

$295/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$107,500(+51.8%)

Key Takeaway

Homes in Old Fort have sold for 51.8% more than they did a month ago.

Summary: The median home sold price in Old Fort was $315,000 in September 2024, up 51.8% from last month, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $246.2K$205K
-16.8%
2 $200K$450K
+125.0%
3 -$315K
N/A
4 --
N/A
5+ --
N/A

Summary: Old Fort housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes increased by 125%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Old Fort, NC

How many homes are available in Old Fort, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3035+16.7%

Summary: The Old Fort real estate market had 35 homes for sale in September 2024, a 16.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 42
-50.0%
2 97
-22.2%
3 1218
+50.0%
4 47
+75.0%
5+ 11
0.0%

Summary: The Old Fort housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Fort, 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 Old Fort in September 2024, down by 40.0% 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 for Old Fort, NC

How long does it take to sell a home in Old Fort, NC?

Average Sale Time

Aug 2024Sep 2024CHANGE
8 Days8 Days-0.8%

Summary: Homes in Old Fort had an average of 8 days on market in Sep 2024, down by 0.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Fort are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Old Fort; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Old Fort, NC

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