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 November 2021

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.

How much do homes in Pfafftown, NC cost?

Median Sold Price

$332,598

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$53,398(+19.1%)

Key Takeaway

Homes in Pfafftown have sold for 19.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $199.9K$175K
-12.5%
3 $241K$300K
+24.5%
4 $352K$390K
+10.8%
5+ $470K$497.7K
+5.9%

Median Sold Price Compared To Nearby Cities

Pfafftown
+19.1%
Vienna Township
+18.6%
Old Richmond Township
+9.5%

How many homes are available in Pfafftown, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
7062-11.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 32
-33.3%
3 3633
-8.3%
4 2521
-16.0%
5+ 55
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2716-40.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days39 Days+89.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Pfafftown, NC

Homes for sale in Pfafftown, NC have reached 62. The number of listings in Pfafftown, NC decreased by 11.4% between October 2022 and November 2022. In November 2022 median list price was $332,598 and the average listing age was 39 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 12.5%, prices of 3 bedrooms properties went up by 24.5%, prices of 4 bedrooms properties increased by 10.8%, 5 bedrooms properties prices increased by 5.9%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 33.3%, number of 3 bedrooms homes decreased by 8.3%, volume of 4 bedrooms homes went down by 16%, the quantity of 5 bedrooms homes have not changed. In November 2022, from all listings sold in Pfafftown, NC there were more than 3 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price.

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