Is Whitsett, 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, Whitsett has remained a Seller's Market.
Key Takeaway
Whitsett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whitsett, NC
How much do homes in Whitsett, NC cost?
Median Sold Price
$325,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Whitsett has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $203K | +4.1% |
| 3 Bedrooms | $308.3K | $319.9K | +3.7% |
| 4 Bedrooms | $376K | $388.5K | +3.3% |
| 5+ Bedrooms | $456.6K | $430K | -5.8% |
Summary: Whitsett 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 4.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Gibsonville | $300K | $315K | +5.0% |
| Rock Creek Township | $319.4K | $325.9K | +2.1% |
| Whitsett | $325K | $325K | 0% |
| Burlington | $270.5K | $264.5K | -2.2% |
Housing Supply in Whitsett, NC
How many homes are available in Whitsett, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 89 | +11.3% |
Summary: The Whitsett real estate market had 89 homes for sale in April 2024, a 11.3% increase 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 40 | 54 | +35.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Whitsett 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 9.1%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 24 | +118.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitsett, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Whitsett in April 2024, up by 118.2% month-over-month. Of the 24 sold homes, 46% were sold under asking, 42% were sold at asking, and 13% were sold over asking.
Days on Market for Whitsett, NC
How long does it take to sell a home in Whitsett, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 66 Days | +37.4% |
Summary: Homes in Whitsett had an average of 66 days on market in Apr 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whitsett are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Whitsett; 54% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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