Is Pfafftown, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Pfafftown has remained a Seller's Market.
Housing Prices in Pfafftown, NC
How much do homes in Pfafftown, NC cost?
Median Sold Price
$340,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pfafftown was $340,000 in June 2024, up 2.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | - | N/A |
2 Bedrooms | $177.4K | $208.2K | +17.4% |
3 Bedrooms | $310K | $305K | -1.6% |
4 Bedrooms | $416.7K | $417.5K | 0.2% |
5+ Bedrooms | $496.7K | $525K | +5.7% |
Summary: Pfafftown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Old Richmond Township | $252K | $267.4K | +6.1% |
Vienna Township | $430K | $455K | +5.8% |
Pfafftown | $331.9K | $340K | +2.4% |
Housing Supply in Pfafftown, NC
How many homes are available in Pfafftown, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
76 | 74 | -2.6% |
Summary: The Pfafftown real estate market had 74 homes for sale in June 2024, a 2.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 46 | 37 | -19.6% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Pfafftown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Pfafftown in June 2024, up by 10.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Pfafftown, NC
How long does it take to sell a home in Pfafftown, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 25 Days | +6.4% |
Summary: Homes in Pfafftown had an average of 25 days on market in Jun 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Pfafftown; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.