Is Conover, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Conover has remained a Seller's Market.
Housing Prices in Conover, NC
How much do homes in Conover, NC cost?
Median Sold Price
$289,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Conover was $289,900 in April 2024, up 6.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $182.5K | $182.4K | 0% |
3 Bedrooms | $265K | $282.2K | +6.5% |
4 Bedrooms | $305K | $336.9K | +10.5% |
5+ Bedrooms | $364.1K | $399.9K | +9.8% |
Summary: Conover housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Clines Township | $274.3K | $300K | +9.4% |
Conover | $273.2K | $289.9K | +6.1% |
Newton | $245K | $255K | +4.1% |
Newton Township | $242.5K | $251.9K | +3.9% |
Claremont | $233K | $232.5K | -0.2% |
Housing Supply in Conover, NC
How many homes are available in Conover, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 93 | -1.1% |
Summary: The Conover real estate market had 93 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 67 | 64 | -4.5% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Conover housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Conover in April 2024, up by 21.7% month-over-month. Of the 28 sold homes, 43% were sold under asking, 39% were sold at asking, and 18% were sold over asking.
Days on Market for Conover, NC
How long does it take to sell a home in Conover, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 36 Days | +13.7% |
Summary: Homes in Conover had an average of 36 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Conover; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.