Is Pfafftown, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pfafftown is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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 May 2023

+$5,000(+1.5%)

Key Takeaway

Homes in Pfafftown have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Pfafftown was $340,000 in May 2024, up 1.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K-
N/A
2 $179.9K$208.2K
+15.8%
3 $311.5K$305K
-2.1%
4 $429.9K$408.7K
-4.9%
5+ $497.7K$475K
-4.6%

Summary: Pfafftown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Old Richmond Township
+6.5%
Pfafftown
+1.5%
Vienna Township
0.0%

Housing Supply in Pfafftown, NC

How many homes are available in Pfafftown, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6170+14.8%

Summary: The Pfafftown real estate market had 70 homes for sale in May 2024, a 14.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 4044
+10.0%
4 1216
+33.3%
5+ 68
+33.3%

Summary: The Pfafftown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pfafftown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Pfafftown in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% 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

May 2023May 2024CHANGE
38 Days52 Days+35.7%

Summary: Homes in Pfafftown had an average of 52 days on market in May 2024, up by 35.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Pfafftown; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% 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 19 Days Ago

Newest Listings in Pfafftown, NC

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