Is Third Ward, 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, Third Ward has remained a Seller's Market.
Key Takeaway
Third Ward is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Third Ward, NC
How much do homes in Third Ward, NC cost?
Median Sold Price
$500,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Third Ward have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Third Ward was $500,000 in March 2024, up 9.6% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333K | $345K | +3.6% |
| 2 Bedrooms | $470K | $515.5K | +9.7% |
| 3 Bedrooms | $757.4K | $750.5K | -0.9% |
| 4 Bedrooms | $825K | - | N/A |
| 5+ Bedrooms | $962.5K | - | N/A |
Summary: Third Ward housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Wesley Heights | $451.5K | $550K | +21.8% |
| Third Ward | $456K | $500K | +9.6% |
| Biddleville | $587.5K | $619.4K | +5.4% |
| Fourth Ward | $360K | $374.5K | +4.0% |
Housing Supply in Third Ward, NC
How many homes are available in Third Ward, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The Third Ward real estate market had 25 homes for sale in March 2024, a 38.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Third Ward housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Third Ward, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Third Ward in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Third Ward, NC
How long does it take to sell a home in Third Ward, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 48 Days | -49.8% |
Summary: Homes in Third Ward had an average of 48 days on market in Mar 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Third Ward are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Third Ward; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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