Is Connelly Springs, 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, Connelly Springs has remained a Seller's Market.
Key Takeaway
Connelly Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Connelly Springs, NC
How much do homes in Connelly Springs, NC cost?
Median Sold Price
$240,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Connelly Springs have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Connelly Springs was $240,000 in April 2024, up 17.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.5K | $145.5K | +6.6% |
| 2 Bedrooms | $135K | $195.9K | +45.1% |
| 3 Bedrooms | $233.9K | $252.4K | +7.9% |
| 4 Bedrooms | $209K | $294.5K | +40.9% |
| 5+ Bedrooms | $279.2K | $355K | +27.1% |
Summary: Connelly Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 45.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Connelly Springs | $205K | $240K | +17.1% |
| Icard Township | $190K | $210K | +10.5% |
| Lovelady Township | $234.4K | $257.5K | +9.9% |
| Rutherford College | $255.5K | $275K | +7.6% |
Housing Supply in Connelly Springs, NC
How many homes are available in Connelly Springs, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Summary: The Connelly Springs real estate market had 42 homes for sale in April 2024, a 19.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 31 | 27 | -12.9% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Connelly Springs 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 27.3%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Connelly Springs, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Connelly Springs in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Connelly Springs, NC
How long does it take to sell a home in Connelly Springs, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 10 Days | -64.4% |
Summary: Homes in Connelly Springs had an average of 10 days on market in Apr 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Connelly Springs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Connelly Springs; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.