Is Graham, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Graham is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Graham, NC

How much do homes in Graham, NC cost?

Median Sold Price

$329,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,660(-3.1%)

Key Takeaway

Homes in Graham have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Graham was $329,000 in May 2024, down 3.1% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $110K$450K
+309.1%
2 $197.5K$204K
+3.3%
3 $315K$311.4K
-1.1%
4 $398.9K$385.5K
-3.4%
5+ $382.9K$380.6K
-0.6%

Summary: Graham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 309.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Haw River
-1.7%
Burlington
-1.9%
Graham
-3.1%

Housing Supply in Graham, NC

How many homes are available in Graham, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
161136-15.5%

Summary: The Graham real estate market had 136 homes for sale in May 2024, a 15.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 8874
-15.9%
4 4437
-15.9%
5+ 1510
-33.3%

Summary: The Graham 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 7.1%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4940-18.4%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Graham, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Graham in May 2024, down by 18.4% month-over-month. Of the 40 sold homes, 63% were sold under asking, 15% were sold at asking, and 23% were sold over asking.

Days on Market for Graham, NC

How long does it take to sell a home in Graham, NC?

Average Sale Time

May 2023May 2024CHANGE
57 Days53 Days-7.8%

Summary: Homes in Graham had an average of 53 days on market in May 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Graham are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 40 homes were sold in Graham; 57% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 25% 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 1 Day Ago

Newest Listings in Graham, NC

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