Is Person County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Person County has remained a Seller's Market.
Housing Prices in Person County, NC
How much do homes in Person County, NC cost?
Median Sold Price
$290,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Person County was $290,000 in March 2024, up 1.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200.5K | $270K | +34.7% |
2 Bedrooms | $157K | $183K | +16.6% |
3 Bedrooms | $299.6K | $300K | 0.1% |
4 Bedrooms | $340K | $306.4K | -9.9% |
5+ Bedrooms | $1.2M | $322.5K | -73.1% |
Summary: Person County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 73.1%.
Median Sold Price Compared To Nearby Counties
Caswell County | $215K | $262K | +21.9% |
Person County | $285.7K | $290K | +1.5% |
Durham County | $405.8K | $411.6K | +1.4% |
Granville County | $320.1K | $314.9K | -1.6% |
Housing Supply in Person County, NC
How many homes are available in Person County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 109 | +13.5% |
Summary: The Person County real estate market had 109 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 63 | 75 | +19.0% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Person County 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 increased by 15.4%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 29 | +123.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Person County in March 2024, up by 123.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 41% were sold at asking, and 10% were sold over asking.
Days on Market for Person County, NC
How long does it take to sell a home in Person County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 76 Days | -23.1% |
Summary: Homes in Person County had an average of 76 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Person County; 17% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.