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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rowan County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Rowan County, NC

How much do homes in Rowan County, NC cost?

Median Sold Price

$279,533

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,519(+3.5%)

Key Takeaway

Homes in Rowan County have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Rowan County was $279,533 in April 2024, up 3.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $137K$150K
+9.5%
2 $185K$198K
+7.0%
3 $266.9K$277K
+3.8%
4 $347.8K$340K
-2.3%
5+ $382.5K$443.9K
+16.1%

Summary: Rowan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Counties

Davidson County
+5.0%
Davie County
+4.3%
Rowan County
+3.5%
Cabarrus County
+1.5%
Iredell County
+1.2%

Housing Supply in Rowan County, NC

How many homes are available in Rowan County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
612657+7.4%

Summary: The Rowan County real estate market had 657 homes for sale in April 2024, a 7.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 35
+66.7%
2 8086
+7.5%
3 377378
0.3%
4 118142
+20.3%
5+ 3446
+35.3%

Summary: The Rowan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 35.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
112140+25.0%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rowan County, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.

Summary: A total of 140 homes were sold or pending in Rowan County in April 2024, up by 25.0% month-over-month. Of the 140 sold homes, 52% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for Rowan County, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days52 Days+42.1%

Summary: Homes in Rowan County had an average of 52 days on market in Apr 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 140 homes were sold in Rowan County; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 10 Days Ago

Newest Listings in Rowan County, NC

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