Is Person 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, Person County has remained a Seller's Market.
Key Takeaway
Person County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Person County, NC
How much do homes in Person County, NC cost?
Median Sold Price
$299,996
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Person County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Person County was $299,996 in April 2024, up 5.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.5K | $179.9K | +37.9% |
| 2 Bedrooms | $155K | $199.9K | +29.0% |
| 3 Bedrooms | $298.3K | $304.9K | +2.2% |
| 4 Bedrooms | $315K | $302.4K | -4.0% |
| 5+ Bedrooms | $1.2M | $325K | -72.9% |
Summary: Person County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.9%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 72.9%.
Median Sold Price Compared To Nearby Counties
| Caswell County | $210K | $250K | +19.0% |
| Person County | $285K | $299.9K | +5.3% |
| Durham County | $404.9K | $411.5K | +1.7% |
| Granville County | $318.4K | $315K | -1.1% |
Housing Supply in Person County, NC
How many homes are available in Person County, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 109 | +3.8% |
Summary: The Person County real estate market had 109 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 74 | 76 | +2.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Person 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 remained the same, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Person County, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Person County in April 2024, up by 3.4% month-over-month. Of the 30 sold homes, 63% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for Person County, NC
How long does it take to sell a home in Person County, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 86 Days | 35 Days | -58.8% |
Summary: Homes in Person County had an average of 35 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Person County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Person County; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.