Is Advance, 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, Advance has remained a Seller's Market.
Housing Prices in Advance, NC
How much do homes in Advance, NC cost?
Median Sold Price
$385,733
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Advance was $385,733 in April 2024, up 4.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $980K | +931.6% |
2 Bedrooms | $169.9K | $189K | +11.2% |
3 Bedrooms | $333K | $385K | +15.6% |
4 Bedrooms | $447.5K | $577.1K | +29.0% |
5+ Bedrooms | $471K | $682K | +44.8% |
Summary: Advance housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 931.6%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 44.8%.
Median Sold Price Compared To Nearby Cities
Farmington Township | $335.5K | $368.2K | +9.8% |
Shady Grove Township | $400K | $418K | +4.5% |
Advance | $370K | $385.7K | +4.3% |
Housing Supply in Advance, NC
How many homes are available in Advance, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 66 | -1.5% |
Summary: The Advance real estate market had 66 homes for sale in April 2024, a 1.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 30 | 25 | -16.7% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Advance housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 12 | -42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Advance in April 2024, down by 42.9% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Advance, NC
How long does it take to sell a home in Advance, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 48 Days | -19.6% |
Summary: Homes in Advance had an average of 48 days on market in Apr 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Advance; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.