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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a neutral's market

Buyer's
Market

Difference Since November 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

$276,454

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,454(+6.3%)

Key Takeaway

Homes in Salisbury have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Salisbury was $276,454 in November 2024, up 6.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K$180K
-10.0%
2 $187K$198.9K
+6.4%
3 $256.4K$279K
+8.8%
4 $331.5K$340K
+2.6%
5+ $437.9K$392.7K
-10.3%

Summary: Salisbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Cities

Locke Township
+8.5%
Salisbury
+6.3%
Franklin Township
+5.6%
Salisbury Township
+3.7%
Granite Quarry
0.0%

Housing Supply in Salisbury, NC

How many homes are available in Salisbury, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
471490+4.0%

Summary: The Salisbury real estate market had 490 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 7178
+9.9%
3 274284
+3.6%
4 8280
-2.4%
5+ 3741
+10.8%

Summary: The Salisbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9274-19.6%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Salisbury in November 2024, down by 19.6% month-over-month. Of the 74 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
34 Days38 Days+12.1%

Summary: Homes in Salisbury had an average of 38 days on market in Nov 2024, up by 12.1% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 74 homes were sold in Salisbury; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

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