Is Efland, 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, Efland has remained a Seller's Market.
Key Takeaway
Efland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Efland, NC
How much do homes in Efland, NC cost?
Median Sold Price
$425,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Efland have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Efland was $425,000 in April 2024, up 13.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $337.5K | $379.4K | +12.4% |
| 3 Bedrooms | $330K | $400K | +21.2% |
| 4 Bedrooms | $657.5K | $726.5K | +10.5% |
| 5+ Bedrooms | $410K | $800K | +95.1% |
Summary: Efland 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 12.4%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 95.1%.
Median Sold Price Compared To Nearby Cities
| Bingham Township | $420K | $527.5K | +25.6% |
| Cedar Grove Township | $427.7K | $515K | +20.4% |
| Efland | $375K | $425K | +13.3% |
| Cheeks Township | $373.2K | $375K | 0.5% |
| Cedar Grove | $402.5K | $389.5K | -3.2% |
Housing Supply in Efland, NC
How many homes are available in Efland, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Efland real estate market had 15 homes for sale in April 2024, a 36.4% increase 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Efland 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 increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Efland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Efland in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Efland, NC
How long does it take to sell a home in Efland, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 70 Days | +86.7% |
Summary: Homes in Efland had an average of 70 days on market in Apr 2024, up by 86.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Efland has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Efland; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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