Is Plaza Midwood, 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, Plaza Midwood has remained a Seller's Market.
Key Takeaway
Plaza Midwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plaza Midwood, NC
How much do homes in Plaza Midwood, NC cost?
Median Sold Price
$765,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Plaza Midwood have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Plaza Midwood was $765,000 in April 2024, down 4.4% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $279K | +8.3% |
| 2 Bedrooms | $494.7K | $494.7K | 0.0% |
| 3 Bedrooms | $690K | $750K | +8.7% |
| 4 Bedrooms | $1.0M | $1.0M | -2.0% |
| 5+ Bedrooms | $1.3M | $1.3M | +3.2% |
Summary: Plaza Midwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Plaza Midwood | $800K | $765K | -4.4% |
| Merry Oaks | $475K | $445K | -6.3% |
Housing Supply in Plaza Midwood, NC
How many homes are available in Plaza Midwood, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 46 | +17.9% |
Summary: The Plaza Midwood real estate market had 46 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Plaza Midwood 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 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plaza Midwood, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Plaza Midwood in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for Plaza Midwood, NC
How long does it take to sell a home in Plaza Midwood, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 11 Days | -60.5% |
Summary: Homes in Plaza Midwood had an average of 11 days on market in Apr 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plaza Midwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Plaza Midwood; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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