Is Person County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Person County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Person County has remained a Seller's Market.

Key Takeaway

Person County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Person County, NC cost?

Median Sold Price

$265,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$21,500(+8.8%)

Key Takeaway

Homes in Person County have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $52.5K$105K
+100.0%
2 $140K$160K
+14.3%
3 $264K$279.9K
+6.0%
4 $292.5K$327.5K
+12.0%
5+ $390.2K-
N/A

Median Sold Price Compared To Nearby Counties

Orange County
+23.5%
Granville County
+21.5%
Person County
+8.8%
Caswell County
-9.2%

How many homes are available in Person County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
84102+21.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 01
+100.0%
2 1214
+16.7%
3 6175
+23.0%
4 1011
+10.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
934+277.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Person County, you may be able to get a good deal. 38.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days16 Days-17.8%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Person County, NC

Person County, NC has 102 homes for sale to choose from. The number of listings in Person County, NC increased by 21.4% between September 2022 and October 2022. While the average time on the market in October 2022 was 16 days, the median list price was $265,000. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 100%, 2 bedrooms properties prices increased by 14.3%, the cost of 3 bedrooms properties went up by 6%, 4 bedrooms properties prices increased by 12%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, 2 bedrooms homes became 16.7% more available, 3 bedrooms homes inventory increased by 23%, volume of 4 bedrooms homes went up by 10%, number of 5 bedrooms homes remained the same. In October 2022, from all listings sold in Person County, NC there were more than 11 sold above asking price, over 12 sold below and more than 8 were sold right at the asked price.

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