Is Old Fort, 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, Old Fort has remained a Buyer's Market.
Housing Prices in Old Fort, NC
How much do homes in Old Fort, NC cost?
Median Sold Price
$315,950
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Old Fort was $315,950 in May 2024, up 5.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $290K | +45.0% |
2 Bedrooms | $300K | $314K | +4.7% |
3 Bedrooms | $302.5K | $323.5K | +6.9% |
4 Bedrooms | - | $110K | N/A |
5+ Bedrooms | $605K | $367.5K | -39.3% |
Summary: Old Fort housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
Old Fort Township | $272.5K | $315K | +15.6% |
Old Fort | $300K | $315.9K | +5.3% |
Housing Supply in Old Fort, NC
How many homes are available in Old Fort, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Summary: The Old Fort real estate market had 30 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Old Fort 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 18.2%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Old Fort in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Fort, NC
How long does it take to sell a home in Old Fort, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 75 Days | +2042.9% |
Summary: Homes in Old Fort had an average of 75 days on market in May 2024, up by 2042.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Old Fort; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.