Is Hoke County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hoke County has remained a Seller's Market.
Housing Prices in Hoke County, NC
How much do homes in Hoke County, NC cost?
Median Sold Price
$279,982
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hoke County was $279,982 in March 2024, up 5.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $22K | -75.6% |
2 Bedrooms | $75K | $159.4K | +112.6% |
3 Bedrooms | $241.1K | $255K | +5.7% |
4 Bedrooms | $306K | $333.5K | +9.0% |
5+ Bedrooms | $370K | $395K | +6.8% |
Summary: Hoke County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 112.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
Robeson County | $185K | $199K | +7.6% |
Cumberland County | $222.3K | $236.5K | +6.4% |
Moore County | $420.1K | $444.9K | +5.9% |
Hoke County | $265.7K | $279.9K | +5.3% |
Scotland County | $190K | $172K | -9.5% |
Housing Supply in Hoke County, NC
How many homes are available in Hoke County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
204 | 192 | -5.9% |
Summary: The Hoke County real estate market had 192 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 123 | 117 | -4.9% |
4 Bedrooms | 66 | 58 | -12.1% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Hoke County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 48 | -25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Hoke County in March 2024, down by 25.0% month-over-month. Of the 48 sold homes, 38% were sold under asking, 48% were sold at asking, and 15% were sold over asking.
Days on Market for Hoke County, NC
How long does it take to sell a home in Hoke County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 70 Days | -18.8% |
Summary: Homes in Hoke County had an average of 70 days on market in Mar 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Hoke County; 27% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.