Is Nebo, 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, Nebo has remained a Seller's Market.
Housing Prices in Nebo, NC
How much do homes in Nebo, NC cost?
Median Sold Price
$528,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nebo was $528,000 in May 2024, up 39.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $80K | -69.9% |
2 Bedrooms | $367.5K | $408K | +11.0% |
3 Bedrooms | $353K | $440.5K | +24.8% |
4 Bedrooms | $571.2K | $1.3M | +140.7% |
5+ Bedrooms | $536.2K | $1.5M | +193.7% |
Summary: Nebo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 140.7%, and 5+ bedroom homes increased by 193.7%.
Median Sold Price Compared To Nearby Cities
Nebo Township | $334K | $499K | +49.4% |
Nebo | $377.5K | $528K | +39.9% |
Dysartsville Township | $380K | $432.9K | +13.9% |
Linville Township | $825K | $860K | +4.2% |
Housing Supply in Nebo, NC
How many homes are available in Nebo, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 59 | +43.9% |
Summary: The Nebo real estate market had 59 homes for sale in May 2024, a 43.9% 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 | 11 | 12 | +9.1% |
3 Bedrooms | 20 | 31 | +55.0% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Nebo 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 9.1%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Nebo in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Nebo, NC
How long does it take to sell a home in Nebo, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 75 Days | +213.6% |
Summary: Homes in Nebo had an average of 75 days on market in May 2024, up by 213.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Nebo; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.