Is Thomasville, 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, Thomasville has remained a Seller's Market.
Key Takeaway
Thomasville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thomasville, NC
How much do homes in Thomasville, NC cost?
Median Sold Price
$239,700
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Thomasville have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Thomasville was $239,700 in March 2024, up 16.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $71.2K | -26.5% |
| 2 Bedrooms | $130K | $151.2K | +16.3% |
| 3 Bedrooms | $210K | $243K | +15.7% |
| 4 Bedrooms | $299K | $340K | +13.7% |
| 5+ Bedrooms | $381K | $365K | -4.2% |
Summary: Thomasville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Thomasville | $205K | $239.7K | +16.9% |
| Trinity Township | $255K | $283K | +11.0% |
| Trinity | $276K | $304.9K | +10.5% |
| Thomasville Township | $217.8K | $240K | +10.1% |
Housing Supply in Thomasville, NC
How many homes are available in Thomasville, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 166 | +1.2% |
Summary: The Thomasville real estate market had 166 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 32 | +39.1% |
| 3 Bedrooms | 113 | 110 | -2.7% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Thomasville 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 39.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thomasville, you may be able to get a good deal. 59% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Thomasville in March 2024, down by 17.0% month-over-month. Of the 39 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for Thomasville, NC
How long does it take to sell a home in Thomasville, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | -1.2% |
Summary: Homes in Thomasville had an average of 30 days on market in Mar 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thomasville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 39 homes were sold in Thomasville; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.