Is The Arts District, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Arts District was a Seller's Market.
Housing Prices in The Arts District, NC
How much do homes in The Arts District, NC cost?
Median Sold Price
$498,710
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Arts District was $498,710 in April 2024, up 9.3% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $301.7K | $287.4K | -4.7% |
2 Bedrooms | $444.2K | $457.3K | +2.9% |
3 Bedrooms | $580K | $541.3K | -6.7% |
4 Bedrooms | $800K | $790K | -1.3% |
5+ Bedrooms | $876.8K | $1.0M | +14.8% |
Summary: The Arts District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
Villa Heights | $537.5K | $700K | +30.2% |
The Arts District | $456.2K | $498.7K | +9.3% |
Housing Supply in The Arts District, NC
How many homes are available in The Arts District, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 33 | -10.8% |
Summary: The The Arts District real estate market had 33 homes for sale in April 2024, a 10.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 13 | 9 | -30.8% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The The Arts District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 2 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in The Arts District in April 2024, down by 83.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for The Arts District, NC
How long does it take to sell a home in The Arts District, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 9 Days | -79.0% |
Summary: Homes in The Arts District had an average of 9 days on market in Apr 2024, down by 79% 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
Summary: During April 2024, 2 homes were sold in The Arts District; 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.