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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Polkton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Polkton was a Buyer's Market.

Key Takeaway

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

Housing Prices in Polkton, NC

How much do homes in Polkton, NC cost?

Median Sold Price

$598,631

$280/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$400,631(+202.3%)

Key Takeaway

Homes in Polkton have sold for 202.3% more than they did a month ago.

Summary: The median home sold price in Polkton was $598,631 in March 2024, up 202.3% from last month, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $198K$598.6K
+202.3%
4 --
N/A
5+ --
N/A

Summary: Polkton housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 202.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Polkton, NC

How many homes are available in Polkton, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
880.0%

Summary: The Polkton real estate market had 8 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Polkton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Polkton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Polkton in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Polkton, NC

How long does it take to sell a home in Polkton, NC?

Average Sale Time

Feb 2024Mar 2024CHANGE
151 Days14 Days-90.5%

Summary: Homes in Polkton had an average of 14 days on market in Mar 2024, down by 90.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Polkton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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