Is Pfafftown, 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, Pfafftown has remained a Seller's Market.
Key Takeaway
Pfafftown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pfafftown, NC
How much do homes in Pfafftown, NC cost?
Median Sold Price
$340,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pfafftown have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Pfafftown was $340,000 in May 2024, up 1.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $179.9K | $208.2K | +15.8% |
| 3 Bedrooms | $311.5K | $305K | -2.1% |
| 4 Bedrooms | $429.9K | $408.7K | -4.9% |
| 5+ Bedrooms | $497.7K | $475K | -4.6% |
Summary: Pfafftown 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 15.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Old Richmond Township | $253.5K | $269.9K | +6.5% |
| Pfafftown | $335K | $340K | +1.5% |
| Vienna Township | $429.9K | $430K | 0.0% |
Housing Supply in Pfafftown, NC
How many homes are available in Pfafftown, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 70 | +14.8% |
Summary: The Pfafftown real estate market had 70 homes for sale in May 2024, a 14.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 40 | 44 | +10.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Pfafftown 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 decreased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pfafftown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Pfafftown in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Pfafftown, NC
How long does it take to sell a home in Pfafftown, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +35.7% |
Summary: Homes in Pfafftown had an average of 52 days on market in May 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pfafftown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Pfafftown; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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