Is Warsaw, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Warsaw has remained a Seller's Market.
Key Takeaway
Warsaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warsaw, NC
How much do homes in Warsaw, NC cost?
Median Sold Price
$185,000
$131/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Warsaw have sold for 34.6% less than they did a month ago.
Summary: The median home sold price in Warsaw was $185,000 in May 2024, down 34.6% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $283K | $185K | -34.6% |
| 4 Bedrooms | - | $93K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Warsaw housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 34.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kenansville Township | $249.9K | $270K | +8.0% |
| Warsaw | $283K | $185K | -34.6% |
| Warsaw Township | $283K | $185K | -34.6% |
Housing Supply in Warsaw, NC
How many homes are available in Warsaw, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Warsaw real estate market had 17 homes for sale in May 2024, a 13.3% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Warsaw 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warsaw, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Warsaw in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Warsaw, NC
How long does it take to sell a home in Warsaw, NC?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 13 Days | -66.5% |
Summary: Homes in Warsaw had an average of 13 days on market in May 2024, down by 66.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warsaw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Warsaw; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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