Is Fourth Ward, 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, Fourth Ward was a Seller's Market.
Key Takeaway
Fourth Ward is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fourth Ward, NC
How much do homes in Fourth Ward, NC cost?
Median Sold Price
$376,000
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fourth Ward have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Fourth Ward was $376,000 in April 2024, up 4.4% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $320K | +18.5% |
| 2 Bedrooms | $430K | $525K | +22.1% |
| 3 Bedrooms | $513.5K | $575K | +12.0% |
| 4 Bedrooms | - | $2.8M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fourth Ward housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 12%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Fourth Ward | $360K | $376K | +4.4% |
| First Ward | $333K | $305K | -8.4% |
Housing Supply in Fourth Ward, NC
How many homes are available in Fourth Ward, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 68 | +6.3% |
Summary: The Fourth Ward real estate market had 68 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 33 | +26.9% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fourth Ward housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fourth Ward, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fourth Ward in April 2024, down by 47.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Fourth Ward, NC
How long does it take to sell a home in Fourth Ward, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 35 Days | +89.7% |
Summary: Homes in Fourth Ward had an average of 35 days on market in Apr 2024, up by 89.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fourth Ward are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Fourth Ward; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.