$5,700 Closing Credit*
$480,000
2,188 SqFt
4 Beds
•2 Full Baths
Listing Office: EXP Realty LLC Mooresville
Is Troutman, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Troutman was a Buyer's Market.
Key Takeaway
Troutman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Troutman, NC
How much do homes in Troutman, NC cost?
Median Sold Price
$399,640
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,480(+8.0%)
Key Takeaway
Homes in Troutman have sold for 8% more than they did a year ago.
Summary: The median home sold price in Troutman was $399,640 in November 2024, up 8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $245K | +63.3% |
| 2 Bedrooms | $295K | $240K | -18.6% |
| 3 Bedrooms | $352.9K | $375K | +6.3% |
| 4 Bedrooms | $385K | $432.9K | +12.5% |
| 5+ Bedrooms | $450K | $483.9K | +7.6% |
Summary: Troutman housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.3%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Statesville Township | $274.8K | $300K | +9.2% |
| Troutman | $370.1K | $399.6K | +8.0% |
| Barringer Township | $358.4K | $375K | +4.6% |
| Fallstown Township | $408K | $405.8K | -0.5% |
Housing Supply in Troutman, NC
How many homes are available in Troutman, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 217 | 208 | -4.1% |
Summary: The Troutman real estate market had 208 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 92 | 84 | -8.7% |
| 4 Bedrooms | 83 | 85 | +2.4% |
| 5+ Bedrooms | 37 | 37 | 0.0% |
Summary: The Troutman housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troutman, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Troutman in November 2024, down by 2.8% month-over-month. Of the 35 sold homes, 51% were sold under asking, 40% were sold at asking, and 9% were sold over asking.
Days on Market for Troutman, NC
How long does it take to sell a home in Troutman, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 41 Days | -13.7% |
Summary: Homes in Troutman had an average of 41 days on market in Nov 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Troutman are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Troutman; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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