Is Seventy-First, 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, Seventy-First has remained a Seller's Market.
Housing Prices in Seventy-First, NC
How much do homes in Seventy-First, NC cost?
Median Sold Price
$235,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seventy-First was $235,000 in May 2024, up 5.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $128.9K | $143K | +10.9% |
3 Bedrooms | $205K | $220.5K | +7.6% |
4 Bedrooms | $276.7K | $281K | +1.5% |
5+ Bedrooms | $342.5K | $365K | +6.6% |
Summary: Seventy-First 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 10.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
Westover | $170K | $196K | +15.3% |
Douglas Byrd | $165.7K | $189.1K | +14.1% |
Jack Britt | $258.2K | $285.1K | +10.4% |
Bonnie Doone | $185K | $200K | +8.1% |
Seventy-First | $222K | $235K | +5.9% |
Housing Supply in Seventy-First, NC
How many homes are available in Seventy-First, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
134 | 137 | +2.2% |
Summary: The Seventy-First real estate market had 137 homes for sale in May 2024, a 2.2% 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 | 6 | 9 | +50.0% |
3 Bedrooms | 83 | 78 | -6.0% |
4 Bedrooms | 42 | 42 | 0.0% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Seventy-First 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 50%, 3 bedroom homes decreased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 38 | -22.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Seventy-First in May 2024, down by 22.4% month-over-month. Of the 38 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for Seventy-First, NC
How long does it take to sell a home in Seventy-First, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 11 Days | -74.6% |
Summary: Homes in Seventy-First had an average of 11 days on market in May 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Seventy-First; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.