Is State Road, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing State Road is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, State Road has remained a Seller's Market.

Key Takeaway

State Road is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$108,000(+52.7%)

Key Takeaway

Homes in State Road have sold for 52.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $185K$158K
-14.6%
3 $199.5K$325K
+62.9%
4 $620K$410K
-33.9%
5+ $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
+52.7%
Elkin Township
-5.3%
Elkin
-8.0%

Housing Supply in State Road, NC

How many homes are available in State Road, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
911+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 89
+12.5%
4 00
0.0%
5+ 00
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 2024Apr 2024CHANGE
05+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in State Road, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
41 Days70 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in State Road are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in State Road, NC

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