Is Pfafftown, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pfafftown have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Pfafftown was $340,000 in April 2024, up 1.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $179.9K | $208.2K | +15.8% |
| 3 Bedrooms | $310K | $305K | -1.6% |
| 4 Bedrooms | $413.5K | $413.7K | 0.1% |
| 5+ Bedrooms | $494.2K | $480K | -2.9% |
Summary: Pfafftown housing prices by bedroom type for April 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 1.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Old Richmond Township | $248.5K | $267.4K | +7.6% |
| Vienna Township | $430K | $438.7K | +2.0% |
| Pfafftown | $333.9K | $340K | +1.8% |
Housing Supply in Pfafftown, NC
How many homes are available in Pfafftown, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Pfafftown real estate market had 62 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Pfafftown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pfafftown, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Pfafftown in April 2024, up by 14.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 20 Days | -47.8% |
Summary: Homes in Pfafftown had an average of 20 days on market in Apr 2024, down by 47.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pfafftown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Pfafftown; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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