Is Iredell County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iredell County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Iredell County has remained a Seller's Market.

Key Takeaway

Iredell County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Iredell County, NC

How much do homes in Iredell County, NC cost?

Median Sold Price

$383,650

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,439(+1.2%)

Key Takeaway

Homes in Iredell County have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Iredell County was $383,650 in April 2024, up 1.2% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $165K$155K
-6.1%
2 $219.5K$225K
+2.5%
3 $320.7K$334.6K
+4.3%
4 $475K$489.3K
+3.0%
5+ $523.3K$510K
-2.5%

Summary: Iredell County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Counties

Catawba County
+7.5%
Alexander County
+5.4%
Davie County
+4.3%
Rowan County
+3.5%
Iredell County
+1.2%

Housing Supply in Iredell County, NC

How many homes are available in Iredell County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,0341,115+7.8%

Summary: The Iredell County real estate market had 1,115 homes for sale in April 2024, a 7.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 90105
+16.7%
3 464512
+10.3%
4 336357
+6.3%
5+ 142139
-2.1%

Summary: The Iredell County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
241218-9.5%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iredell County, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 218 homes were sold or pending in Iredell County in April 2024, down by 9.5% month-over-month. Of the 218 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for Iredell County, NC

How long does it take to sell a home in Iredell County, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days48 Days+23.0%

Summary: Homes in Iredell County had an average of 48 days on market in Apr 2024, up by 23% compared to last year.

Breakdown of Home Sale Times

120 Homes Were Sold
Under 30 Days

54 Homes Were Sold
In 30 - 90 Days

42 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Iredell County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 218 homes were sold in Iredell County; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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