Is Candler, 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, Candler has remained a Seller's Market.
Key Takeaway
Candler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Candler, NC
How much do homes in Candler, NC cost?
Median Sold Price
$429,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Candler have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Candler was $429,000 in May 2024, up 8.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $209.2K | +5.2% |
| 2 Bedrooms | $268K | $299.9K | +11.9% |
| 3 Bedrooms | $399.9K | $435K | +8.8% |
| 4 Bedrooms | $596.9K | $525K | -12.1% |
| 5+ Bedrooms | $491.5K | $659.5K | +34.2% |
Summary: Candler housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
| Lower Hominy Township | $412.2K | $460.9K | +11.8% |
| Beaverdam Township | $300K | $333K | +11.0% |
| Candler | $395.5K | $429K | +8.5% |
| Upper Hominy Township | $384.9K | $409.5K | +6.4% |
| Avery Creek Township | $570.2K | $589.9K | +3.5% |
Housing Supply in Candler, NC
How many homes are available in Candler, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 134 | 150 | +11.9% |
Summary: The Candler real estate market had 150 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 83 | 100 | +20.5% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Candler 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 5.9%, 3 bedroom homes increased by 20.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Candler, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Candler in May 2024, up by 27.6% month-over-month. Of the 37 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.
Days on Market for Candler, NC
How long does it take to sell a home in Candler, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 63 Days | +164.9% |
Summary: Homes in Candler had an average of 63 days on market in May 2024, up by 164.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Candler are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Candler; 62% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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