Is Knightdale, 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, Knightdale has remained a Seller's Market.
Key Takeaway
Knightdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Knightdale, NC
How much do homes in Knightdale, NC cost?
Median Sold Price
$379,966
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Knightdale has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $237K | -8.8% |
| 3 Bedrooms | $330K | $345.7K | +4.8% |
| 4 Bedrooms | $438.1K | $437.8K | -0.1% |
| 5+ Bedrooms | $545K | $562K | +3.1% |
Summary: Knightdale 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 decreased by 8.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Raleigh | $414.8K | $430.1K | +3.7% |
| Saint Matthews Township | $365.4K | $368.9K | +1.0% |
| Knightdale | $380K | $379.9K | 0% |
| Marks Creek Township | $402.6K | $399.9K | -0.7% |
Housing Supply in Knightdale, NC
How many homes are available in Knightdale, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 113 | -7.4% |
Summary: The Knightdale real estate market had 113 homes for sale in April 2024, a 7.4% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 51 | 46 | -9.8% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Knightdale 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 25%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Knightdale, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Knightdale in April 2024, down by 10.5% month-over-month. Of the 34 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Knightdale, NC
How long does it take to sell a home in Knightdale, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 124 Days | 33 Days | -73.3% |
Summary: Homes in Knightdale had an average of 33 days on market in Apr 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Knightdale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Knightdale; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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.