Is Bonnie Doone, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bonnie Doone has remained a Seller's Market.
Key Takeaway
Bonnie Doone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bonnie Doone, NC
How much do homes in Bonnie Doone, NC cost?
Median Sold Price
$200,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bonnie Doone have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Bonnie Doone was $200,000 in May 2024, up 8.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $97.7K | $129.9K | +32.9% |
| 3 Bedrooms | $190K | $205K | +7.9% |
| 4 Bedrooms | $263.5K | $265K | +0.6% |
| 5+ Bedrooms | $372.5K | $481.3K | +29.2% |
Summary: Bonnie Doone housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 29.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Scotty Hills | $171K | $186.7K | +9.2% |
| Bonnie Doone | $185K | $200K | +8.1% |
Housing Supply in Bonnie Doone, NC
How many homes are available in Bonnie Doone, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 96 | -4.0% |
Summary: The Bonnie Doone real estate market had 96 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 14 | -33.3% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Bonnie Doone housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 17 | -45.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonnie Doone, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bonnie Doone in May 2024, down by 45.2% month-over-month. Of the 17 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% were sold over asking.
Days on Market for Bonnie Doone, NC
How long does it take to sell a home in Bonnie Doone, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 19 Days | -71.4% |
Summary: Homes in Bonnie Doone had an average of 19 days on market in May 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bonnie Doone are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Bonnie Doone; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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