Is Siler City, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Siler City was a Seller's Market.
Housing Prices in Siler City, NC
How much do homes in Siler City, NC cost?
Median Sold Price
$287,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Siler City was $287,250 in April 2024, up 7.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $140K | -60.0% |
2 Bedrooms | $245K | $157K | -35.9% |
3 Bedrooms | $250K | $316.2K | +26.5% |
4 Bedrooms | $335K | $261.7K | -21.9% |
5+ Bedrooms | $225K | - | N/A |
Summary: Siler City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 35.9%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Matthews Township | $450K | $517.9K | +15.1% |
Siler City | $266.7K | $287.2K | +7.7% |
Housing Supply in Siler City, NC
How many homes are available in Siler City, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Siler City real estate market had 34 homes for sale in April 2024, a 2.9% 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 | 4 | 0.0% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Siler City 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 decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Siler City in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Siler City, NC
How long does it take to sell a home in Siler City, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 25 Days | -58.6% |
Summary: Homes in Siler City had an average of 25 days on market in Apr 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Siler City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.