Is Salisbury, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Salisbury was a Seller's Market.
Key Takeaway
Salisbury is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Salisbury, NC
How much do homes in Salisbury, NC cost?
Median Sold Price
$272,533
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Salisbury have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Salisbury was $272,533 in March 2024, up 11.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $166.9K | $194K | +16.2% |
| 3 Bedrooms | $244.4K | $265K | +8.4% |
| 4 Bedrooms | $320K | $349.7K | +9.3% |
| 5+ Bedrooms | $462.7K | $450K | -2.8% |
Summary: Salisbury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $256K | $298.5K | +16.6% |
| Salisbury Township | $231K | $267.8K | +15.9% |
| Salisbury | $244.9K | $272.5K | +11.3% |
| Locke Township | $280K | $303.9K | +8.5% |
| Granite Quarry | $329K | $300K | -8.8% |
Housing Supply in Salisbury, NC
How many homes are available in Salisbury, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 368 | 399 | +8.4% |
Summary: The Salisbury real estate market had 399 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 51 | 54 | +5.9% |
| 3 Bedrooms | 225 | 243 | +8.0% |
| 4 Bedrooms | 70 | 79 | +12.9% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Salisbury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 62 | +3.3% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salisbury, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Salisbury in March 2024, up by 3.3% month-over-month. Of the 62 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% were sold over asking.
Days on Market for Salisbury, NC
How long does it take to sell a home in Salisbury, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 60 Days | +5.1% |
Summary: Homes in Salisbury had an average of 60 days on market in Mar 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salisbury are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 62 homes were sold in Salisbury; 50% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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