Is High Point, 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, High Point has remained a Seller's Market.
Key Takeaway
High Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in High Point, NC
How much do homes in High Point, NC cost?
Median Sold Price
$260,238
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in High Point have sold for 1% more than they did a year ago.
Summary: The median home sold price in High Point was $260,238 in April 2024, up 1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $94.5K | +28.1% |
| 2 Bedrooms | $135K | $166.3K | +23.2% |
| 3 Bedrooms | $247.8K | $250K | +0.9% |
| 4 Bedrooms | $364.6K | $361K | -1.0% |
| 5+ Bedrooms | $409.9K | $470K | +14.6% |
Summary: High Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| High Point Township | $249.8K | $255.2K | +2.1% |
| Jamestown | $324.5K | $330K | +1.7% |
| Jamestown Township | $326.3K | $330K | +1.1% |
| High Point | $257.6K | $260.2K | +1.0% |
| Archdale | $235K | $235K | 0.0% |
Housing Supply in High Point, NC
How many homes are available in High Point, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 494 | 491 | -0.6% |
Summary: The High Point real estate market had 491 homes for sale in April 2024, a 0.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 93 | 95 | +2.2% |
| 3 Bedrooms | 249 | 256 | +2.8% |
| 4 Bedrooms | 126 | 114 | -9.5% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The High Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 144 | +7.5% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in High Point, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.
Summary: A total of 144 homes were sold or pending in High Point in April 2024, up by 7.5% month-over-month. Of the 144 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for High Point, NC
How long does it take to sell a home in High Point, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +7.2% |
Summary: Homes in High Point had an average of 35 days on market in Apr 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in High Point are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 144 homes were sold in High Point; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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