Is Browns Summit, 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, Browns Summit has remained a Seller's Market.
Key Takeaway
Browns Summit is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Browns Summit, NC
How much do homes in Browns Summit, NC cost?
Median Sold Price
$327,450
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Browns Summit have sold for 4% less than they did a year ago.
Summary: The median home sold price in Browns Summit was $327,450 in April 2024, down 4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $186K | N/A |
| 2 Bedrooms | $173.5K | $145K | -16.4% |
| 3 Bedrooms | $321.1K | $315K | -1.9% |
| 4 Bedrooms | $386.2K | $424K | +9.8% |
| 5+ Bedrooms | $339.8K | $471.5K | +38.8% |
Summary: Browns Summit housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Madison Township | $250K | $268.9K | +7.6% |
| Mc Leansville | $292.5K | $299.9K | +2.6% |
| Washington Township | $260K | $263.8K | +1.5% |
| Monroe Township | $374.9K | $378.2K | +0.9% |
| Browns Summit | $341K | $327.4K | -4.0% |
Housing Supply in Browns Summit, NC
How many homes are available in Browns Summit, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The Browns Summit real estate market had 38 homes for sale in April 2024, a 17.4% decrease 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 13 | -35.0% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Browns Summit 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 increased by 100%, 3 bedroom homes decreased by 35%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Browns Summit, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Browns Summit in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Browns Summit, NC
How long does it take to sell a home in Browns Summit, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +165.2% |
Summary: Homes in Browns Summit had an average of 33 days on market in Apr 2024, up by 165.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Browns Summit are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Browns Summit; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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