Is Terry Sanford, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Terry Sanford has remained a Seller's Market.
Key Takeaway
Terry Sanford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Terry Sanford, NC
How much do homes in Terry Sanford, NC cost?
Median Sold Price
$189,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Terry Sanford have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Terry Sanford was $189,000 in March 2024, up 13.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $76K | $105K | +38.2% |
| 3 Bedrooms | $165K | $185K | +12.1% |
| 4 Bedrooms | $245K | $257K | +4.9% |
| 5+ Bedrooms | $227K | $380K | +67.4% |
Summary: Terry Sanford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 67.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Brookwood | $80.2K | $139.9K | +74.4% |
| Terry Sanford | $166.3K | $189K | +13.6% |
Housing Supply in Terry Sanford, NC
How many homes are available in Terry Sanford, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 98 | -1.0% |
Summary: The Terry Sanford real estate market had 98 homes for sale in March 2024, a 1.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 63 | 66 | +4.8% |
| 4 Bedrooms | 26 | 19 | -26.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Terry Sanford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terry Sanford, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Terry Sanford in March 2024, up by 12.5% month-over-month. Of the 27 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% were sold over asking.
Days on Market for Terry Sanford, NC
How long does it take to sell a home in Terry Sanford, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 109 Days | 70 Days | -35.3% |
Summary: Homes in Terry Sanford had an average of 70 days on market in Mar 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Terry Sanford has remained consistent over time.
Summary: During March 2024, 27 homes were sold in Terry Sanford; 22% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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