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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terrell is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Terrell, NC cost?

Median Sold Price

$1,000,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$250,000(+33.3%)

Key Takeaway

Homes in Terrell have sold for 33.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $167K$648K
+288.0%
3 $837.5K$850K
+1.5%
4 $750K$1.2M
+60.0%
5+ $591K-
N/A

Median Sold Price Compared To Nearby Cities

Terrell
+33.3%
Davidson Township
+29.1%
Sherrills Ford
+25.0%
Mountain Creek Township
+23.1%

How many homes are available in Terrell, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
10100.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 65
-16.7%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
13+200.0%

Asking Price vs. Sold Price

3 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 Terrell, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
117 Days56 Days-51.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Terrell has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Terrell, NC

Number of homes for sale in Terrell, NC real estate market have reached 10. In November 2022 median list price was $1,000,000 and the average listing age was 56 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 288%, 3 bedrooms properties became 1.5% more expensive, 4 bedrooms properties prices increased by 60%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, 4 bedrooms homes inventory decreased by 16.7%, number of 5 bedrooms homes increased by 100%. Over 0 listings were sold over their listed price in November 2022 in Terrell, NC. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.

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