Is Thomasville, 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, Thomasville has remained a Seller's Market.
Housing Prices in Thomasville, NC
How much do homes in Thomasville, NC cost?
Median Sold Price
$240,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Thomasville was $240,000 in April 2024, up 6.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $71.2K | -26.5% |
2 Bedrooms | $135.2K | $151.2K | +11.8% |
3 Bedrooms | $222.5K | $245.1K | +10.2% |
4 Bedrooms | $308K | $332K | +7.8% |
5+ Bedrooms | $365K | $365K | 0.0% |
Summary: Thomasville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Trinity | $285K | $304.4K | +6.8% |
Thomasville | $225K | $240K | +6.7% |
Trinity Township | $260.6K | $276.6K | +6.1% |
Thomasville Township | $230K | $241K | +4.8% |
Housing Supply in Thomasville, NC
How many homes are available in Thomasville, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
167 | 170 | +1.8% |
Summary: The Thomasville real estate market had 170 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 32 | 28 | -12.5% |
3 Bedrooms | 110 | 112 | +1.8% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Thomasville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 44 | +7.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Thomasville in April 2024, up by 7.3% month-over-month. Of the 44 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.
Days on Market for Thomasville, NC
How long does it take to sell a home in Thomasville, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 26 Days | -11.7% |
Summary: Homes in Thomasville had an average of 26 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Thomasville; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.