Is Bolivia, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bolivia was a Seller's Market.
Key Takeaway
Bolivia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bolivia, NC
How much do homes in Bolivia, NC cost?
Median Sold Price
$388,466
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bolivia have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Bolivia was $388,466 in May 2024, up 14.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | - | N/A |
| 2 Bedrooms | $225.3K | $223.8K | -0.7% |
| 3 Bedrooms | $335.8K | $414.9K | +23.5% |
| 4 Bedrooms | $359.9K | $378K | +5.0% |
| 5+ Bedrooms | $376.4K | $326.5K | -13.3% |
Summary: Bolivia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Bolivia | $340K | $388.4K | +14.3% |
| Town Creek Township | $360K | $385.7K | +7.1% |
Housing Supply in Bolivia, NC
How many homes are available in Bolivia, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 230 | 229 | -0.4% |
Summary: The Bolivia real estate market had 229 homes for sale in May 2024, a 0.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 132 | 136 | +3.0% |
| 4 Bedrooms | 75 | 71 | -5.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Bolivia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 23 | -51.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bolivia, expect to pay close to the asking price. 60.9% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Bolivia in May 2024, down by 51.1% month-over-month. Of the 23 sold homes, 30% were sold under asking, 61% were sold at asking, and 9% were sold over asking.
Days on Market for Bolivia, NC
How long does it take to sell a home in Bolivia, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 104 Days | 136 Days | +30.8% |
Summary: Homes in Bolivia had an average of 136 days on market in May 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bolivia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 23 homes were sold in Bolivia; 35% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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