Is Wesley Heights, 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, Wesley Heights has remained a Seller's Market.
Key Takeaway
Wesley Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wesley Heights, NC
How much do homes in Wesley Heights, NC cost?
Median Sold Price
$530,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wesley Heights have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Wesley Heights was $530,000 in April 2024, up 17.8% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $225K | -8.2% |
| 2 Bedrooms | $395.5K | $478.5K | +21.0% |
| 3 Bedrooms | $603K | $570K | -5.5% |
| 4 Bedrooms | $832.5K | $800K | -3.9% |
| 5+ Bedrooms | $975K | - | N/A |
Summary: Wesley Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 21%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Wesley Heights | $450K | $530K | +17.8% |
| Third Ward | $485K | $525K | +8.2% |
Housing Supply in Wesley Heights, NC
How many homes are available in Wesley Heights, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Wesley Heights real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wesley Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wesley Heights, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Wesley Heights in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Wesley Heights, NC
How long does it take to sell a home in Wesley Heights, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 51 Days | +568.9% |
Summary: Homes in Wesley Heights had an average of 51 days on market in Apr 2024, up by 568.9% compared to last year.
Breakdown of Home Sale Times
4 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 Wesley Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Wesley Heights; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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