Is Graham, 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, Graham has remained a Seller's Market.
Housing Prices in Graham, NC
How much do homes in Graham, NC cost?
Median Sold Price
$329,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Graham was $329,000 in May 2024, down 3.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $450K | +309.1% |
2 Bedrooms | $197.5K | $204K | +3.3% |
3 Bedrooms | $315K | $311.4K | -1.1% |
4 Bedrooms | $398.9K | $385.5K | -3.4% |
5+ Bedrooms | $382.9K | $380.6K | -0.6% |
Summary: Graham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 309.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Haw River | $334.7K | $329K | -1.7% |
Burlington | $270K | $264.9K | -1.9% |
Graham | $339.6K | $329K | -3.1% |
Housing Supply in Graham, NC
How many homes are available in Graham, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
161 | 136 | -15.5% |
Summary: The Graham real estate market had 136 homes for sale in May 2024, a 15.5% 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 | 14 | 15 | +7.1% |
3 Bedrooms | 88 | 74 | -15.9% |
4 Bedrooms | 44 | 37 | -15.9% |
5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The Graham 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 7.1%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 40 | -18.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Graham in May 2024, down by 18.4% month-over-month. Of the 40 sold homes, 63% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Graham, NC
How long does it take to sell a home in Graham, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 53 Days | -7.8% |
Summary: Homes in Graham had an average of 53 days on market in May 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Graham; 57% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.