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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Asheboro is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$13,910(+5.9%)

Key Takeaway

Homes in Asheboro have sold for 5.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $107.5K$135K
+25.6%
2 $154.9K$178K
+14.9%
3 $239.7K$257.4K
+7.4%
4 $359K$285K
-20.6%
5+ $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
+15.1%
Asheboro Township
+7.8%
Asheboro
+5.9%
Grant Township
+1.8%
Back Creek Township
-3.9%

Housing Supply in Asheboro, NC

How many homes are available in Asheboro, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
141151+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3533
-5.7%
3 8287
+6.1%
4 1922
+15.8%
5+ 59
+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 2024Apr 2024CHANGE
3442+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Asheboro, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
26 Days42 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Asheboro are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 8 Days Ago

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