Is Rowan County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rowan County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Rowan County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Rowan County, NC cost?

Median Sold Price

$258,385

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$38,353(+17.4%)

Key Takeaway

Homes in Rowan County have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $109K$134K
+22.9%
2 $150K$173.2K
+15.5%
3 $220.1K$259K
+17.7%
4 $280K$339.1K
+21.1%
5+ $307.4K$390K
+26.8%

Median Sold Price Compared To Nearby Counties

Davidson County
+18.1%
Rowan County
+17.4%
Cabarrus County
+15.9%
Iredell County
+12.9%
Davie County
+10.5%

How many homes are available in Rowan County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
644616-4.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 7476
+2.7%
3 404391
-3.2%
4 123114
-7.3%
5+ 4033
-17.5%

Number of Homes Sold

Oct 2022Nov 2022%
146125-14.4%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rowan County, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days28 Days+6.5%

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rowan County 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 Rowan County, NC

Number of homes for sale in Rowan County, NC real estate market have reached 616. Between October 2022 and November 2022, Rowan County, NC real estate market has seen decrease in the number of listings by 4.3%. While the average time on the market in November 2022 was 28 days, the median list price was $258,385. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 22.9% more expensive, prices of 2 bedrooms properties increased by 15.5%, prices of 3 bedrooms properties went up by 17.7%, the cost of 4 bedrooms properties went up by 21.1%, prices of 5 bedrooms properties went up by 26.8%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 33.3%, 2 bedrooms homes became 2.7% more available, 3 bedrooms homes became 3.2% less available, the quantity of 4 bedrooms homes went down by 7.3%, 5 bedrooms homes became 17.5% less available. Over 27 listings were sold over their listed price in November 2022 in Rowan County, NC. In the same period over 64 listings were sold below the listed price and 34 listings were sold for the listed price.

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