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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparta is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Sparta was a Seller's Market.

Key Takeaway

Sparta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sparta, NC

How much do homes in Sparta, NC cost?

Median Sold Price

$280,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,000(+2.6%)

Key Takeaway

Homes in Sparta have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Sparta was $280,000 in September 2024, up 2.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$192K
N/A
2 $332K$260.2K
-21.6%
3 $212.5K$277K
+30.4%
4 $525K$367K
-30.1%
5+ --
N/A

Summary: Sparta housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes did not change.

Housing Supply in Sparta, NC

How many homes are available in Sparta, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2322-4.3%

Summary: The Sparta real estate market had 22 homes for sale in September 2024, a 4.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1413
-7.1%
4 11
0.0%
5+ 22
0.0%

Summary: The Sparta housing inventory by bedroom type for September 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparta, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sparta in September 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sparta, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
52 Days16 Days-69.4%

Summary: Homes in Sparta had an average of 16 days on market in Sep 2024, down by 69.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Sparta; 100% of homes were sold within 30 days, 0% 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 Sep 1, 2024

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