Is Seventy-First, 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, Seventy-First has remained a Seller's Market.
Key Takeaway
Seventy-First is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seventy-First, NC
How much do homes in Seventy-First, NC cost?
Median Sold Price
$230,656
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Seventy-First have sold for 6% more than they did a year ago.
Summary: The median home sold price in Seventy-First was $230,656 in April 2024, up 6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $129.4K | $128K | -1.1% |
| 3 Bedrooms | $201.7K | $220K | +9.1% |
| 4 Bedrooms | $270K | $281K | +4.1% |
| 5+ Bedrooms | $340K | $367.5K | +8.1% |
Summary: Seventy-First 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 1.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westover | $170K | $195K | +14.7% |
| Douglas Byrd | $166K | $187.5K | +13.0% |
| Jack Britt | $251K | $282.5K | +12.6% |
| Bonnie Doone | $185K | $200K | +8.1% |
| Seventy-First | $217.6K | $230.6K | +6.0% |
Housing Supply in Seventy-First, NC
How many homes are available in Seventy-First, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 122 | -9.0% |
Summary: The Seventy-First real estate market had 122 homes for sale in April 2024, a 9.0% 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 | 1 | 6 | +500.0% |
| 3 Bedrooms | 96 | 77 | -19.8% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Seventy-First 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 increased by 500%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventy-First, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Seventy-First in April 2024, up by 17.5% month-over-month. Of the 47 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for Seventy-First, NC
How long does it take to sell a home in Seventy-First, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 26 Days | -50.0% |
Summary: Homes in Seventy-First had an average of 26 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seventy-First are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 47 homes were sold in Seventy-First; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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