Is Rowan 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, Rowan County has remained a Seller's Market.
Housing Prices in Rowan County, NC
How much do homes in Rowan County, NC cost?
Median Sold Price
$277,625
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rowan County was $277,625 in March 2024, up 3.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $157.5K | +12.5% |
2 Bedrooms | $183.7K | $199.9K | +8.8% |
3 Bedrooms | $265.2K | $275K | +3.7% |
4 Bedrooms | $349.9K | $345.7K | -1.2% |
5+ Bedrooms | $392.5K | $418K | +6.5% |
Summary: Rowan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Counties
Davidson County | $249.5K | $270.2K | +8.3% |
Davie County | $282.3K | $299.8K | +6.2% |
Rowan County | $268.7K | $277.6K | +3.3% |
Iredell County | $378.3K | $383K | +1.2% |
Cabarrus County | $340.8K | $341.7K | 0.3% |
Housing Supply in Rowan County, NC
How many homes are available in Rowan County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
586 | 620 | +5.8% |
Summary: The Rowan County real estate market had 620 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 71 | 78 | +9.9% |
3 Bedrooms | 373 | 390 | +4.6% |
4 Bedrooms | 104 | 115 | +10.6% |
5+ Bedrooms | 34 | 33 | -2.9% |
Summary: The Rowan 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 9.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 104 | -2.8% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in Rowan County in March 2024, down by 2.8% month-over-month. Of the 104 sold homes, 63% were sold under asking, 16% were sold at asking, and 20% were sold over asking.
Days on Market for Rowan County, NC
How long does it take to sell a home in Rowan County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 54 Days | -2.6% |
Summary: Homes in Rowan County had an average of 54 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During March 2024, 104 homes were sold in Rowan County; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.