Is Wakefield Plantation, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wakefield Plantation has remained a Seller's Market.
Key Takeaway
Wakefield Plantation is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wakefield Plantation, NC
How much do homes in Wakefield Plantation, NC cost?
Median Sold Price
$480,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wakefield Plantation have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Wakefield Plantation was $480,000 in April 2024, up 2.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $291K | N/A |
| 2 Bedrooms | $335K | $348K | +3.9% |
| 3 Bedrooms | $370K | $367K | -0.8% |
| 4 Bedrooms | $610K | $675K | +10.7% |
| 5+ Bedrooms | $766K | $884.5K | +15.5% |
Summary: Wakefield Plantation housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 15.5%.
Housing Supply in Wakefield Plantation, NC
How many homes are available in Wakefield Plantation, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 40 | -11.1% |
Summary: The Wakefield Plantation real estate market had 40 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Wakefield Plantation housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wakefield Plantation, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Wakefield Plantation in April 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Wakefield Plantation, NC
How long does it take to sell a home in Wakefield Plantation, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 29 Days | -63.4% |
Summary: Homes in Wakefield Plantation had an average of 29 days on market in Apr 2024, down by 63.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wakefield Plantation are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Wakefield Plantation; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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