Is Moore County, 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, Moore County has remained a Seller's Market.
Housing Prices in Moore County, NC
How much do homes in Moore County, NC cost?
Median Sold Price
$449,285
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Moore County was $449,285 in April 2024, up 7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $212.5K | +11.8% |
2 Bedrooms | $275K | $290K | +5.5% |
3 Bedrooms | $389.9K | $402.1K | +3.1% |
4 Bedrooms | $465.4K | $509.9K | +9.6% |
5+ Bedrooms | $575K | $575K | 0.0% |
Summary: Moore County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Moore County | $419.9K | $449.2K | +7.0% |
Hoke County | $265K | $281.9K | +6.4% |
Lee County | $300K | $314.9K | +5.0% |
Chatham County | $514.4K | $539.2K | +4.8% |
Richmond County | $157.6K | $165K | +4.7% |
Housing Supply in Moore County, NC
How many homes are available in Moore County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
784 | 820 | +4.6% |
Summary: The Moore County real estate market had 820 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 77 | 79 | +2.6% |
3 Bedrooms | 310 | 335 | +8.1% |
4 Bedrooms | 306 | 316 | +3.3% |
5+ Bedrooms | 80 | 81 | +1.3% |
Summary: The Moore County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
182 | 209 | +14.8% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 209 homes were sold or pending in Moore County in April 2024, up by 14.8% month-over-month. Of the 209 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for Moore County, NC
How long does it take to sell a home in Moore County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 62 Days | +32.6% |
Summary: Homes in Moore County had an average of 62 days on market in Apr 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Summary: During April 2024, 209 homes were sold in Moore County; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.