Is West End, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West End was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $249K | $267K | +7.2% |
3 Bedrooms | $366.4K | $427K | +16.5% |
4 Bedrooms | $460K | $529K | +15.0% |
5+ Bedrooms | - | $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 | $413.4K | $475K | +14.9% |
Foxfire | $402.5K | $460K | +14.3% |
Jackson Springs | $405K | $460K | +13.6% |
Pinehurst | $484.7K | $510K | +5.2% |
Housing Supply in West End, NC
How many homes are available in West End, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 95 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 31 | 40 | +29.0% |
4 Bedrooms | 47 | 49 | +4.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
---|---|---|
21 | 15 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 66 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
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.