Is Asheboro, 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, Asheboro has remained a Seller's Market.
Housing Prices in Asheboro, NC
How much do homes in Asheboro, NC cost?
Median Sold Price
$248,650
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Asheboro was $248,650 in April 2024, up 5.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.5K | $135K | +25.6% |
2 Bedrooms | $154.9K | $178K | +14.9% |
3 Bedrooms | $239.7K | $257.4K | +7.4% |
4 Bedrooms | $359K | $285K | -20.6% |
5+ Bedrooms | $398K | $400K | 0.5% |
Summary: Asheboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $265K | $305K | +15.1% |
Asheboro Township | $229.9K | $247.9K | +7.8% |
Asheboro | $234.7K | $248.6K | +5.9% |
Grant Township | $275K | $279.9K | +1.8% |
Back Creek Township | $330K | $317K | -3.9% |
Housing Supply in Asheboro, NC
How many homes are available in Asheboro, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 151 | +7.1% |
Summary: The Asheboro real estate market had 151 homes for sale in April 2024, a 7.1% 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 | 35 | 33 | -5.7% |
3 Bedrooms | 82 | 87 | +6.1% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Asheboro 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 5.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 42 | +23.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Asheboro in April 2024, up by 23.5% month-over-month. Of the 42 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for Asheboro, NC
How long does it take to sell a home in Asheboro, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 42 Days | +57.6% |
Summary: Homes in Asheboro had an average of 42 days on market in Apr 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Asheboro; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.