Is Gastonia, 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, Gastonia has remained a Seller's Market.
Key Takeaway
Gastonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gastonia, NC
How much do homes in Gastonia, NC cost?
Median Sold Price
$278,209
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gastonia have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Gastonia was $278,209 in May 2024, down 2.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $123.5K | -8.5% |
| 2 Bedrooms | $168.5K | $185K | +9.8% |
| 3 Bedrooms | $270K | $274.9K | +1.9% |
| 4 Bedrooms | $384.1K | $384K | 0% |
| 5+ Bedrooms | $469K | $492K | +4.9% |
Summary: Gastonia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Dallas Township | $289.9K | $299K | +3.1% |
| Dallas | $289.9K | $299K | +3.1% |
| Gastonia Township | $272.5K | $275.2K | +1.0% |
| Gastonia | $286.3K | $278.2K | -2.8% |
| Ranlo | $277.4K | $254.5K | -8.3% |
Housing Supply in Gastonia, NC
How many homes are available in Gastonia, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 555 | 620 | +11.7% |
Summary: The Gastonia real estate market had 620 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 76 | 86 | +13.2% |
| 3 Bedrooms | 327 | 359 | +9.8% |
| 4 Bedrooms | 109 | 124 | +13.8% |
| 5+ Bedrooms | 39 | 47 | +20.5% |
Summary: The Gastonia 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 increased by 13.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 124 | 107 | -13.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gastonia, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 107 homes were sold or pending in Gastonia in May 2024, down by 13.7% month-over-month. Of the 107 sold homes, 41% were sold under asking, 39% were sold at asking, and 20% were sold over asking.
Days on Market for Gastonia, NC
How long does it take to sell a home in Gastonia, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -12.2% |
Summary: Homes in Gastonia had an average of 29 days on market in May 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gastonia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 107 homes were sold in Gastonia; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.