Is Terry Sanford, 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, Terry Sanford has remained a Seller's Market.
Key Takeaway
Terry Sanford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Terry Sanford, NC
How much do homes in Terry Sanford, NC cost?
Median Sold Price
$190,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Terry Sanford have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Terry Sanford was $190,000 in May 2024, up 11.8% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $77.5K | $101K | +30.3% |
| 3 Bedrooms | $167K | $189K | +13.2% |
| 4 Bedrooms | $264.2K | $257K | -2.7% |
| 5+ Bedrooms | $275.8K | $262.5K | -4.8% |
Summary: Terry Sanford 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 30.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Brookwood | $90.7K | $136K | +49.9% |
| Terry Sanford | $170K | $190K | +11.8% |
Housing Supply in Terry Sanford, NC
How many homes are available in Terry Sanford, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 85 | -6.6% |
Summary: The Terry Sanford real estate market had 85 homes for sale in May 2024, a 6.6% decrease 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 60 | 55 | -8.3% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Terry Sanford 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 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 22 | -35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terry Sanford, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Terry Sanford in May 2024, down by 35.3% month-over-month. Of the 22 sold homes, 27% were sold under asking, 41% were sold at asking, and 32% were sold over asking.
Days on Market for Terry Sanford, NC
How long does it take to sell a home in Terry Sanford, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 13 Days | -80.0% |
Summary: Homes in Terry Sanford had an average of 13 days on market in May 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Terry Sanford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Terry Sanford; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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