Is Coats, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Coats was a Seller's Market.
Key Takeaway
Coats is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coats, NC
How much do homes in Coats, NC cost?
Median Sold Price
$258,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coats have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Coats was $258,000 in April 2024, up 17.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $215K | +26.5% |
| 3 Bedrooms | $238K | $259K | +8.8% |
| 4 Bedrooms | $250K | $424.4K | +69.8% |
| 5+ Bedrooms | $522K | $390K | -25.3% |
Summary: Coats 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 increased by 26.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 69.8%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Coats | $220K | $258K | +17.3% |
| Dunn | $225.3K | $254.9K | +13.2% |
| Grove Township | $260K | $265K | +1.9% |
Housing Supply in Coats, NC
How many homes are available in Coats, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Coats real estate market had 24 homes for sale in April 2024, a 11.1% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Coats 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coats, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Coats in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Coats, NC
How long does it take to sell a home in Coats, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 55 Days | -21.1% |
Summary: Homes in Coats had an average of 55 days on market in Apr 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coats are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Coats; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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