Is Penrose, 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, Penrose has remained a Seller's Market.
Key Takeaway
Penrose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penrose, NC
How much do homes in Penrose, NC cost?
Median Sold Price
$411,250
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Penrose have sold for 10.1% less than they did a year ago.
Summary: The median home sold price in Penrose was $411,250 in April 2024, down 10.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $386.2K | $467.5K | +21.0% |
| 3 Bedrooms | $462.5K | $422.5K | -8.6% |
| 4 Bedrooms | $613.7K | $345K | -43.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Penrose 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 increased by 21%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boyd Township | $342.5K | $425.2K | +24.2% |
| Pisgah Forest | $445K | $480K | +7.9% |
| Little River Township | $457.5K | $490K | +7.1% |
| Crab Creek Township | $470K | $500.9K | +6.6% |
| Penrose | $457.5K | $411.2K | -10.1% |
Housing Supply in Penrose, NC
How many homes are available in Penrose, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Penrose real estate market had 6 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Penrose 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penrose, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Penrose in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Penrose, NC
How long does it take to sell a home in Penrose, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 12 Days | -75.2% |
Summary: Homes in Penrose had an average of 12 days on market in Apr 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penrose are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Penrose; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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