Is Whitsett, 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, Whitsett has remained a Seller's Market.
Housing Prices in Whitsett, NC
How much do homes in Whitsett, NC cost?
Median Sold Price
$326,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Whitsett was $326,000 in May 2024, up 0.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $205K | +5.1% |
3 Bedrooms | $310.6K | $321.5K | +3.5% |
4 Bedrooms | $381.3K | $385K | +1.0% |
5+ Bedrooms | $469.9K | $430K | -8.5% |
Summary: Whitsett 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 5.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Gibsonville | $294.5K | $321K | +9.0% |
Rock Creek Township | $319K | $331.3K | +3.9% |
Whitsett | $324.9K | $326K | 0.3% |
Burlington | $270K | $264.9K | -1.9% |
Housing Supply in Whitsett, NC
How many homes are available in Whitsett, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 86 | -8.5% |
Summary: The Whitsett real estate market had 86 homes for sale in May 2024, a 8.5% 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 | 11 | 8 | -27.3% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 56 | 52 | -7.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Whitsett 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 27.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Whitsett in May 2024, down by 16.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for Whitsett, NC
How long does it take to sell a home in Whitsett, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
99 Days | 43 Days | -56.0% |
Summary: Homes in Whitsett had an average of 43 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Whitsett; 52% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.