Is Hofmann Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hofmann Forest was a Buyer's Market.
Housing Prices in Hofmann Forest, NC
How much do homes in Hofmann Forest, NC cost?
Median Sold Price
$359,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hofmann Forest was $359,000 in May 2024, up 5.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200.4K | $200.9K | 0.2% |
3 Bedrooms | $326K | $251K | -23.0% |
4 Bedrooms | $338K | $373K | +10.4% |
5+ Bedrooms | $451.5K | $415K | -8.1% |
Summary: Hofmann Forest 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 0.2%, 3 bedroom homes decreased by 23%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
Maysville | $261.4K | $287.5K | +10.0% |
White Oak Township | $253K | $273.7K | +8.2% |
Richlands Township | $245K | $260.5K | +6.4% |
Hofmann Forest | $340K | $359K | +5.6% |
Jacksonville Township | $236K | $249.2K | +5.6% |
Housing Supply in Hofmann Forest, NC
How many homes are available in Hofmann Forest, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 43 | +34.4% |
Summary: The Hofmann Forest real estate market had 43 homes for sale in May 2024, a 34.4% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Hofmann Forest 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 remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 14 | +1300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Hofmann Forest in May 2024, up by 1300.0% month-over-month. Of the 14 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hofmann Forest, NC
How long does it take to sell a home in Hofmann Forest, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 107 Days | +5278.6% |
Summary: Homes in Hofmann Forest had an average of 107 days on market in May 2024, up by 5278.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Hofmann Forest; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.