Is Preston, 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, Preston has remained a Seller's Market.
Housing Prices in Preston, NC
How much do homes in Preston, NC cost?
Median Sold Price
$659,250
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Preston was $659,250 in April 2024, up 1.4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $431K | N/A |
2 Bedrooms | $350K | $430.5K | +23.0% |
3 Bedrooms | $610K | $609.5K | -0.1% |
4 Bedrooms | $899.9K | $1.1M | +24.2% |
5+ Bedrooms | $1.2M | $1.2M | -2.6% |
Summary: Preston 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 23%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in Preston, NC
How many homes are available in Preston, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Preston real estate market had 38 homes for sale in April 2024, a 11.8% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Preston 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Preston in April 2024, up by 183.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for Preston, NC
How long does it take to sell a home in Preston, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 17 Days | -65.5% |
Summary: Homes in Preston had an average of 17 days on market in Apr 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Preston; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.