Is Sparta, 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, Sparta has remained a Buyer's Market.
Housing Prices in Sparta, NC
How much do homes in Sparta, NC cost?
Median Sold Price
$280,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sparta was $280,000 in May 2024, up 8.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $192K | N/A |
2 Bedrooms | $302K | $329K | +8.9% |
3 Bedrooms | $200K | $249.5K | +24.8% |
4 Bedrooms | $225K | $457.5K | +103.3% |
5+ Bedrooms | - | - | N/A |
Summary: Sparta 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 8.9%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 103.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gap Civil Township | $195K | $249.5K | +27.9% |
Sparta | $259K | $280K | +8.1% |
Housing Supply in Sparta, NC
How many homes are available in Sparta, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Sparta real estate market had 19 homes for sale in May 2024, a 26.7% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sparta 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 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sparta in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Sparta, NC
How long does it take to sell a home in Sparta, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 11 Days | +450.0% |
Summary: Homes in Sparta had an average of 11 days on market in May 2024, up by 450% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Sparta; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.