Is Youngsville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Youngsville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Youngsville has remained a Seller's Market.

Key Takeaway

Youngsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Youngsville, NC

How much do homes in Youngsville, NC cost?

Median Sold Price

$434,990

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,133(+3.6%)

Key Takeaway

Homes in Youngsville have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Youngsville was $434,990 in March 2024, up 3.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$215K
N/A
2 $310K$315K
+1.6%
3 $382.6K$379.4K
-0.8%
4 $464.7K$499.9K
+7.6%
5+ $468K$498.1K
+6.4%

Summary: Youngsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Youngsville
+3.6%
Youngsville Township
+2.0%

Housing Supply in Youngsville, NC

How many homes are available in Youngsville, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
122104-14.8%

Summary: The Youngsville real estate market had 104 homes for sale in March 2024, a 14.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 5846
-20.7%
4 5351
-3.8%
5+ 117
-36.4%

Summary: The Youngsville 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 remained the same, 3 bedroom homes decreased by 20.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 36.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3222-31.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Youngsville, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in Youngsville in March 2024, down by 31.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Youngsville, NC

How long does it take to sell a home in Youngsville, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
133 Days63 Days-52.0%

Summary: Homes in Youngsville had an average of 63 days on market in Mar 2024, down by 52% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Youngsville has remained consistent over time.

Summary: During March 2024, 22 homes were sold in Youngsville; 18% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Youngsville, NC

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