Is Mebane, 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, Mebane has remained a Seller's Market.
Key Takeaway
Mebane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mebane, NC
How much do homes in Mebane, NC cost?
Median Sold Price
$379,816
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mebane have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Mebane was $379,816 in May 2024, up 2.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $251K | $299.9K | +19.5% |
| 3 Bedrooms | $340K | $367K | +7.9% |
| 4 Bedrooms | $399.9K | $397.5K | -0.6% |
| 5+ Bedrooms | $407.9K | $428.4K | +5.0% |
Summary: Mebane 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 19.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Mebane | $369.9K | $379.8K | +2.7% |
| Cheeks Township | $375.1K | $375K | 0% |
Housing Supply in Mebane, NC
How many homes are available in Mebane, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 166 | 200 | +20.5% |
Summary: The Mebane real estate market had 200 homes for sale in May 2024, a 20.5% 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 | 15 | 25 | +66.7% |
| 3 Bedrooms | 89 | 102 | +14.6% |
| 4 Bedrooms | 51 | 58 | +13.7% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Mebane 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 66.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 50 | +85.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mebane, expect to pay close to the asking price. 46% of homes here sold near the asking price last month.
Summary: A total of 50 homes were sold or pending in Mebane in May 2024, up by 85.2% month-over-month. Of the 50 sold homes, 28% were sold under asking, 46% were sold at asking, and 26% were sold over asking.
Days on Market for Mebane, NC
How long does it take to sell a home in Mebane, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 29 Days | -44.6% |
Summary: Homes in Mebane had an average of 29 days on market in May 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mebane are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 50 homes were sold in Mebane; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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