Is Iredell County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iredell County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Iredell County has remained a Seller's Market.

Key Takeaway

Iredell County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Iredell County, NC

How much do homes in Iredell County, NC cost?

Median Sold Price

$383,037

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,662(+1.2%)

Key Takeaway

Homes in Iredell County have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Iredell County was $383,037 in March 2024, up 1.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $165K$152.5K
-7.6%
2 $220.5K$225K
+2.0%
3 $320K$334.9K
+4.7%
4 $470K$489.9K
+4.2%
5+ $524.9K$510K
-2.9%

Summary: Iredell County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Counties

Catawba County
+8.9%
Davie County
+6.2%
Rowan County
+3.3%
Iredell County
+1.2%
Alexander County
-0.7%

Housing Supply in Iredell County, NC

How many homes are available in Iredell County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0161,046+3.0%

Summary: The Iredell County real estate market had 1,046 homes for sale in March 2024, a 3.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 8089
+11.3%
3 465478
+2.8%
4 310341
+10.0%
5+ 159134
-15.7%

Summary: The Iredell County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 15.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
224221-1.3%

Asking Price vs. Sold Price

142 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iredell County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 221 homes were sold or pending in Iredell County in March 2024, down by 1.3% month-over-month. Of the 221 sold homes, 64% were sold under asking, 19% were sold at asking, and 17% were sold over asking.

Days on Market for Iredell County, NC

How long does it take to sell a home in Iredell County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days54 Days+3.2%

Summary: Homes in Iredell County had an average of 54 days on market in Mar 2024, up by 3.2% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

63 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Iredell County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 221 homes were sold in Iredell County; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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