Is West End, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West End is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, West End was a Seller's Market.

Key Takeaway

West End is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West End, NC

How much do homes in West End, NC cost?

Median Sold Price

$475,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$61,550(+14.9%)

Key Takeaway

Homes in West End have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in West End was $475,000 in May 2024, up 14.9% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $249K$267K
+7.2%
3 $366.4K$427K
+16.5%
4 $460K$529K
+15.0%
5+ -$650.4K
N/A

Summary: West End 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 7.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West End
+14.9%
Foxfire
+14.3%
Jackson Springs
+13.6%
Pinehurst
+5.2%

Housing Supply in West End, NC

How many homes are available in West End, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8395+14.5%

Summary: The West End real estate market had 95 homes for sale in May 2024, a 14.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3140
+29.0%
4 4749
+4.3%
5+ 22
0.0%

Summary: The West End 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 33.3%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2115-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West End, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in West End in May 2024, down by 28.6% month-over-month. Of the 15 sold homes, 13% were sold under asking, 67% were sold at asking, and 20% were sold over asking.

Days on Market for West End, NC

How long does it take to sell a home in West End, NC?

Average Sale Time

May 2023May 2024CHANGE
56 Days66 Days+17.8%

Summary: Homes in West End had an average of 66 days on market in May 2024, up by 17.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West End are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in West End; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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