Is State Road, 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, State Road has remained a Seller's Market.
Housing Prices in State Road, NC
How much do homes in State Road, NC cost?
Median Sold Price
$313,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in State Road was $313,000 in April 2024, up 52.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $158K | -14.6% |
3 Bedrooms | $199.5K | $325K | +62.9% |
4 Bedrooms | $620K | $410K | -33.9% |
5+ Bedrooms | $760K | - | N/A |
Summary: State Road 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 14.6%, 3 bedroom homes increased by 62.9%, 4 bedroom homes decreased by 33.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
State Road | $205K | $313K | +52.7% |
Elkin Township | $235K | $222.5K | -5.3% |
Elkin | $227.2K | $209K | -8.0% |
Housing Supply in State Road, NC
How many homes are available in State Road, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The State Road real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The State Road housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in State Road in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for State Road, NC
How long does it take to sell a home in State Road, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 70 Days | +71.2% |
Summary: Homes in State Road had an average of 70 days on market in Apr 2024, up by 71.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in State Road; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.