Is Mount Gilead, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mount Gilead was a Seller's Market.
Housing Prices in Mount Gilead, NC
How much do homes in Mount Gilead, NC cost?
Median Sold Price
$250,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Gilead was $250,000 in May 2024, down 5.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.5K | $95K | +16.6% |
2 Bedrooms | $179.5K | $132.5K | -26.2% |
3 Bedrooms | $337.5K | $349.1K | +3.5% |
4 Bedrooms | $305K | $452.5K | +48.4% |
5+ Bedrooms | $125K | $322.5K | +158.0% |
Summary: Mount Gilead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 158%.
Median Sold Price Compared To Nearby Cities
Mount Gilead Township | $182.4K | $250K | +37.0% |
Mount Gilead | $264.5K | $250K | -5.5% |
Pee Dee Township | $253.7K | $142.5K | -43.8% |
Housing Supply in Mount Gilead, NC
How many homes are available in Mount Gilead, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 86 | +17.8% |
Summary: The Mount Gilead real estate market had 86 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 17 | 23 | +35.3% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mount Gilead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mount Gilead in May 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Mount Gilead, NC
How long does it take to sell a home in Mount Gilead, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
93 Days | 24 Days | -73.9% |
Summary: Homes in Mount Gilead had an average of 24 days on market in May 2024, down by 73.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Mount Gilead; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.